SEA (NYSE:SE) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of SEA (NYSE:SE) from an overweight rating to a neutral rating in a research note released on Wednesday morning, Marketbeat.com reports. The firm currently has $135.00 target price on the Internet company based in Singapore’s stock, down from their previous target price of $160.00.

A number of other research analysts also recently issued reports on the company. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Jefferies Financial Group raised their price target on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Loop Capital boosted their price objective on shares of SEA from $135.00 to $165.00 and gave the company a “buy” rating in a report on Monday, March 31st. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, UBS Group boosted their target price on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average price target of $121.73.

SEA Price Performance

Shares of NYSE SE opened at $120.97 on Wednesday. The company has a 50 day moving average of $126.40 and a 200 day moving average of $114.79. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. SEA has a twelve month low of $54.82 and a twelve month high of $147.73. The firm has a market cap of $69.24 billion, a P/E ratio of 806.49 and a beta of 1.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SE. CENTRAL TRUST Co raised its stake in SEA by 19.5% during the 1st quarter. CENTRAL TRUST Co now owns 10,037 shares of the Internet company based in Singapore’s stock worth $1,310,000 after acquiring an additional 1,641 shares during the period. Rakuten Securities Inc. raised its position in shares of SEA by 5,614.2% during the 1st quarter. Rakuten Securities Inc. now owns 31,714 shares of the Internet company based in Singapore’s stock valued at $4,138,000 after purchasing an additional 31,159 shares during the period. Grove Bank & Trust lifted its stake in shares of SEA by 524.2% during the 1st quarter. Grove Bank & Trust now owns 593 shares of the Internet company based in Singapore’s stock valued at $77,000 after buying an additional 498 shares in the last quarter. FNY Investment Advisers LLC bought a new position in SEA in the 1st quarter worth $65,000. Finally, Sowell Financial Services LLC purchased a new stake in SEA in the 1st quarter worth $216,000. 59.53% of the stock is currently owned by institutional investors.

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.