SEA (NYSE:SE) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of SEA (NYSE:SE) from a neutral rating to an overweight rating in a report released on Tuesday morning, Marketbeat reports. The brokerage currently has $190.00 price objective on the Internet company based in Singapore’s stock, up from their prior price objective of $135.00.

Several other equities research analysts also recently commented on SE. Benchmark upped their price objective on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Bank of America downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Arete Research raised shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Finally, Jefferies Financial Group increased their price target on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.23.

SEA Price Performance

NYSE SE opened at $164.62 on Tuesday. The company has a market cap of $96.98 billion, a PE ratio of 1,097.47 and a beta of 1.70. SEA has a 52 week low of $55.00 and a 52 week high of $164.71. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $128.65 and its two-hundred day simple moving average is $120.04.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec raised its stake in SEA by 14.0% in the first quarter. Federation des caisses Desjardins du Quebec now owns 64,244 shares of the Internet company based in Singapore’s stock valued at $8,385,000 after purchasing an additional 7,881 shares in the last quarter. Flputnam Investment Management Co. purchased a new stake in SEA in the first quarter valued at approximately $225,000. Apis Capital Advisors LLC raised its stake in SEA by 2.7% in the first quarter. Apis Capital Advisors LLC now owns 38,000 shares of the Internet company based in Singapore’s stock valued at $4,959,000 after purchasing an additional 1,000 shares in the last quarter. MAI Capital Management raised its stake in SEA by 7.3% in the first quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $156,000 after purchasing an additional 82 shares in the last quarter. Finally, Ardmore Road Asset Management LP purchased a new stake in SEA in the first quarter valued at approximately $26,098,000. 59.53% of the stock is owned by hedge funds and other 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.