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

SEA (NYSE:SE) had its price target lifted by stock analysts at Benchmark from $150.00 to $180.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the Internet company based in Singapore’s stock. Benchmark’s target price points to a potential upside of 9.34% from the company’s current price.

A number of other research firms have also recently commented on SE. Bank of America cut SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research note on Friday, May 9th. UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group lifted their target price on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Three equities 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $145.23.

SEA Price Performance

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

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smithfield Trust Co bought a new stake in shares of SEA during the first quarter valued at about $25,000. Private Trust Co. NA increased its position in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the period. Sava Infond d.o.o. bought a new stake in shares of SEA during the first quarter valued at about $26,000. Tradewinds Capital Management LLC increased its position in shares of SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 100 shares during the period. Finally, Inlight Wealth Management LLC bought a new stake in shares of SEA during the first quarter valued at about $28,000. 59.53% of the stock is currently owned by institutional investors.

About SEA

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.