JPMorgan Chase & Co. Raises SEA (NYSE:SE) Price Target to $230.00

Key Points

• JPMorgan Chase & Co. has raised the price target for SEA (NYSE:SE) to $230.00, indicating a potential upside of 17.19% from the stock's current price of about $196.27.
• Other analysts have varied price targets, with Loop Capital at $190.00 and Barclays at $214.00, reflecting a consensus rating of "Moderate Buy" for SEA.
• SEA's recent quarter showed a revenue increase of 38.2% year-over-year, with earnings per share reported at $0.65, missing estimates of $1.03.

SEA (NYSE:SE - Get Free Report) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $208.00 to $230.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the Internet company based in Singapore's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 17.19% from the stock's current price.

A number of other analysts have also recently commented on the stock. Loop Capital reaffirmed a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Arete Research cut shares of SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Barclays increased their price objective on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Macquarie reissued an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average target price of $176.85.

SEA Trading Up 1.7%

SEA stock traded up $3.23 during trading hours on Thursday, reaching $196.27. The stock had a trading volume of 702,531 shares, compared to its average volume of 4,542,137. The company has a fifty day simple moving average of $167.27 and a 200-day simple moving average of $149.47. SEA has a 52 week low of $78.51 and a 52 week high of $197.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The stock has a market cap of $115.62 billion, a PE ratio of 101.45 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The company's revenue was up 38.2% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. Analysts forecast that SEA will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of SEA by 2,082.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares during the last quarter. Acadian Asset Management LLC lifted its position in SEA by 8.0% during the first quarter. Acadian Asset Management LLC now owns 4,777,353 shares of the Internet company based in Singapore's stock valued at $623,355,000 after purchasing an additional 354,158 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its position in SEA by 3.4% during the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock valued at $442,167,000 after purchasing an additional 111,400 shares during the last quarter. Northern Trust Corp lifted its position in SEA by 9.3% during the first quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock valued at $420,140,000 after purchasing an additional 273,366 shares during the last quarter. Finally, Fred Alger Management LLC lifted its position in SEA by 144.6% during the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock valued at $337,340,000 after purchasing an additional 1,528,301 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

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.

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