SEA (NYSE:SE) Stock Price Expected to Rise, Benchmark Analyst Says

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

SE has been the subject of several other research reports. UBS Group boosted their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Arete Research raised SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Loop Capital boosted their price objective on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Finally, Barclays boosted their price objective on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.23.

SEA Trading Up 0.9%

Shares of SE opened at $164.62 on Wednesday. SEA has a twelve month low of $55.00 and a twelve month high of $164.71. 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 market cap of $96.98 billion, a PE ratio of 1,097.47 and a beta of 1.70. The business’s 50-day moving average price is $128.65 and its 200-day moving average price is $120.04.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smithfield Trust Co purchased a new stake in SEA in the first quarter worth approximately $25,000. Sava Infond d.o.o. purchased a new stake in SEA in the first quarter worth approximately $26,000. Tradewinds Capital Management LLC boosted its stake in SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in SEA in the first quarter worth approximately $28,000. Finally, Fifth Third Bancorp boosted its stake in shares of SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore’s stock valued at $31,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors 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.