Loop Capital Forecasts Strong Price Appreciation for SEA (NYSE:SE) Stock

SEA (NYSE:SE) had its price objective increased by Loop Capital from $135.00 to $165.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the Internet company based in Singapore’s stock.

A number of other equities research analysts also recently weighed in on SE. Jefferies Financial Group boosted their price target on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Barclays upped their target price on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Arete Research raised SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Finally, UBS Group increased their target price on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.40.

SEA Price Performance

Shares of SE stock opened at $130.41 on Monday. The firm has a market cap of $74.64 billion, a price-to-earnings ratio of 869.40 and a beta of 1.62. SEA has a 12 month low of $51.70 and a 12 month high of $147.73. 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 stock has a 50-day moving average price of $127.59 and a 200 day moving average price of $112.08.

Institutional Trading of SEA

A number of large investors have recently bought and sold shares of SE. State of Wyoming grew its holdings in shares of SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore’s stock worth $319,000 after buying an additional 90 shares in the last quarter. Covenant Partners LLC grew its stake in shares of SEA by 2.4% during the 4th quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore’s stock worth $451,000 after acquiring an additional 101 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares during the last quarter. 59.53% of the stock is 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.