Barclays Increases SEA (NYSE:SE) Price Target to $68.00

SEA (NYSE:SEFree Report) had its price target lifted by Barclays from $59.00 to $68.00 in a research report released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the Internet company based in Singapore’s stock.

SE has been the subject of a number of other reports. JPMorgan Chase & Co. raised SEA from a neutral rating to an overweight rating and increased their target price for the stock from $43.00 to $70.00 in a report on Tuesday. Sanford C. Bernstein raised their price target on SEA from $50.00 to $60.00 and gave the company an outperform rating in a report on Tuesday. Bank of America raised their price target on SEA from $46.00 to $55.00 and gave the company a neutral rating in a report on Tuesday. Wedbush raised their price target on SEA from $45.00 to $72.00 and gave the company an outperform rating in a report on Tuesday. Finally, Citigroup raised SEA from a neutral rating to a buy rating and raised their price target for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $67.57.

View Our Latest Research Report on SE

SEA Trading Down 2.7 %

Shares of SE opened at $57.72 on Tuesday. SEA has a 1 year low of $34.35 and a 1 year high of $88.84. The company has a current ratio of 1.44, a quick ratio of 1.69 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $42.70 and a 200-day simple moving average of $40.95. The stock has a market cap of $32.60 billion, a PE ratio of 240.50 and a beta of 1.50.

SEA (NYSE:SEGet Free Report) last issued its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts predict that SEA will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. increased its stake in shares of SEA by 13.2% in the 1st quarter. Advisors Asset Management Inc. now owns 1,312 shares of the Internet company based in Singapore’s stock valued at $157,000 after buying an additional 153 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SEA by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,613 shares of the Internet company based in Singapore’s stock worth $552,000 after purchasing an additional 178 shares during the last quarter. IFP Advisors Inc boosted its position in shares of SEA by 16.4% in the 2nd quarter. IFP Advisors Inc now owns 1,531 shares of the Internet company based in Singapore’s stock worth $25,000 after purchasing an additional 216 shares during the last quarter. Evolutionary Tree Capital Management LLC boosted its position in shares of SEA by 1.0% in the 2nd quarter. Evolutionary Tree Capital Management LLC now owns 24,801 shares of the Internet company based in Singapore’s stock worth $1,439,000 after purchasing an additional 256 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of SEA by 2.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore’s stock worth $546,000 after purchasing an additional 271 shares during the last quarter. 72.05% of the stock is owned by institutional investors and hedge funds.

About SEA

(Get Free Report)

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.

Further Reading

Analyst Recommendations for SEA (NYSE:SE)

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