SEA (NYSE:SE) Stock Rating Upgraded by Arete Research

Arete Research upgraded shares of SEA (NYSE:SE) to a strong-buy rating in a research report released on Sunday,Zacks.com reports.

Several other equities research analysts have also weighed in on SE. Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $116.67.

SEA Price Performance

Shares of NYSE:SE opened at $130.37 on Friday. The stock has a market capitalization of $74.62 billion, a P/E ratio of 869.13 and a beta of 1.62. The business has a 50-day moving average of $126.16 and a two-hundred day moving average of $110.59. SEA has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Institutional Trading of SEA

Several institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. lifted its position in SEA by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC raised its stake in shares of SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after buying an additional 4,761,289 shares in the last quarter. Norges Bank bought a new position in shares of SEA during the 4th quarter worth about $1,493,682,000. Capital Research Global Investors boosted its position in shares of SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock valued at $335,084,000 after acquiring an additional 142,080 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.