SEA (NYSE:SE) Given New $165.00 Price Target at Loop Capital

SEA (NYSE:SE) had its target price lifted by analysts at Loop Capital from $135.00 to $165.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the Internet company based in Singapore’s stock. Loop Capital’s target price suggests a potential upside of 29.70% from the company’s previous close.

Several other analysts have also recently commented on SE. JPMorgan Chase & Co. increased their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Arete Research upgraded SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Benchmark raised their price target on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group boosted their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $121.40.

SEA Price Performance

Shares of NYSE:SE traded down $3.45 during trading on Monday, hitting $127.22. 992,357 shares of the stock were exchanged, compared to its average volume of 4,562,133. SEA has a 12-month low of $51.70 and a 12-month high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $127.28 and a two-hundred day moving average price of $111.72. The company has a market cap of $72.81 billion, a PE ratio of 848.75 and a beta of 1.62.

Institutional Investors Weigh In On SEA

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in SEA in the 4th quarter worth about $1,493,682,000. WCM Investment Management LLC lifted its stake in shares of SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after buying an additional 4,761,289 shares during the last quarter. Perpetual Ltd boosted its holdings in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares during the period. CoreView Capital Management Ltd boosted its stake in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after purchasing an additional 1,543,743 shares during the period. Finally, Baillie Gifford & Co. grew its holdings 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 valued at $4,345,278,000 after buying an additional 1,390,531 shares during the last quarter. 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.