SEA (NYSE:SE) Given New $226.00 Price Target at Barclays

SEA (NYSE:SE) had its price objective lifted by analysts at Barclays from $214.00 to $226.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the Internet company based in Singapore’s stock. Barclays‘s price target would suggest a potential upside of 61.72% from the stock’s current price.

SE has been the subject of a number of other reports. TD Cowen reduced their target price on shares of SEA from $165.00 to $144.00 and set a “hold” rating for the company in a research note on Monday. Benchmark raised their price target on shares of SEA from $180.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Morgan Stanley set a $209.00 price objective on shares of SEA in a report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their target price on SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SEA in a research report on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $187.39.

SEA Stock Down 2.5%

SE traded down $3.61 during trading on Thursday, reaching $139.74. 4,218,836 shares of the stock traded hands, compared to its average volume of 4,527,452. The stock’s 50-day simple moving average is $174.89 and its two-hundred day simple moving average is $165.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. SEA has a fifty-two week low of $99.50 and a fifty-two week high of $199.30. The stock has a market cap of $82.32 billion, a price-to-earnings ratio of 61.29 and a beta of 1.55.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.63 billion. SEA had a return on equity of 15.69% and a net margin of 6.80%.The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. As a group, equities research analysts expect that SEA will post 0.74 EPS for the current year.

Hedge Funds Weigh In On SEA

Large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its stake in SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after purchasing an additional 143 shares during the period. Sound Income Strategies LLC acquired a new position in shares of SEA during the third quarter worth approximately $29,000. ORG Partners LLC boosted its position in shares of SEA by 552.0% in the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock valued at $25,000 after acquiring an additional 138 shares during the period. Smithfield Trust Co acquired a new stake in shares of SEA in the first quarter worth $25,000. Finally, Rothschild Investment LLC grew its stake in shares of SEA by 114.0% in the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.