SEA (NYSE:SE) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

SEA (NYSE:SE) had its price objective lifted by Jefferies Financial Group from $131.00 to $157.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the Internet company based in Singapore’s stock. Jefferies Financial Group’s price target suggests a potential upside of 18.42% from the company’s previous close.

SE has been the topic of several other reports. TD Cowen raised their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Benchmark upped their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays lifted their price target on shares of SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Phillip Securities restated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.73.

SEA Stock Performance

Shares of SE traded up $9.09 during mid-day trading on Tuesday, hitting $132.58. 9,453,648 shares of the company traded hands, compared to its average volume of 3,952,333. The stock has a market cap of $75.88 billion, a price-to-earnings ratio of 883.89 and a beta of 1.55. The stock has a 50-day moving average price of $119.00 and a two-hundred day moving average price of $104.91. SEA has a 1 year low of $51.70 and a 1 year high of $139.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE) last posted its earnings results on Tuesday, March 4th. The Internet company based in Singapore reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.37). SEA had a return on equity of 1.40% and a net margin of 0.64%. Equities analysts anticipate that SEA will post 0.74 earnings per share for the current year.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its stake in SEA by 3.5% in the 4th 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 grew its stake in SEA by 22.8% during the fourth 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 acquiring an additional 4,761,289 shares in the last quarter. Norges Bank purchased a new position in SEA during the fourth quarter valued at $1,493,682,000. Capital Research Global Investors increased its holdings in SEA by 19.5% in 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 during the last quarter. Finally, Geode Capital Management LLC lifted its stake in SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after purchasing an additional 142,080 shares in the last quarter. Institutional investors 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.