SEA (NYSE:SE – Get Free Report) had its price objective upped by analysts at JPMorgan Chase & Co. from $40.00 to $43.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the Internet company based in Singapore’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 15.24% from the stock’s previous close.
A number of other analysts have also issued reports on SE. Benchmark dropped their price objective on shares of SEA from $95.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $50.00 in a research note on Thursday, February 1st. Daiwa Capital Markets upgraded shares of SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley lowered shares of SEA from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 4th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.14.
SEA Trading Up 4.6 %
SE stock traded up $2.21 during midday trading on Friday, reaching $50.73. 5,262,431 shares of the company’s stock traded hands, compared to its average volume of 6,061,122. The company has a market capitalization of $28.65 billion, a P/E ratio of 44.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.70 and a quick ratio of 1.69. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $88.84. The business has a 50-day moving average price of $40.70 and a two-hundred day moving average price of $40.38.
Institutional Trading of SEA
Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc increased its holdings 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 valued at $25,000 after purchasing an additional 216 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of SEA by 204.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 506 shares of the Internet company based in Singapore’s stock valued at $29,000 after buying an additional 340 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after buying an additional 320 shares in the last quarter. UMB Bank n.a. grew its stake in shares of SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after buying an additional 327 shares in the last quarter. Finally, Tyler Stone Wealth Management bought a new stake in shares of SEA in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 72.05% of the company’s stock.
About SEA
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.
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