SEA (NYSE:SE) Price Target Increased to $85.00 by Analysts at Barclays

SEA (NYSE:SE - Free Report) had its target price increased by Barclays from $68.00 to $85.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the Internet company based in Singapore's stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley upgraded SEA from an equal weight rating to an overweight rating and upped their price target for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Loop Capital raised shares of SEA from a hold rating to a buy rating and raised their price target for the company from $59.00 to $92.00 in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised shares of SEA from a neutral rating to an overweight rating and upped their price target for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Bank of America upgraded SEA from a neutral rating to a buy rating and increased their price objective for the stock from $62.00 to $70.00 in a research report on Monday, April 22nd. Finally, Benchmark boosted their target price on SEA from $65.00 to $78.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $71.21.

SEA Stock Performance

Shares of SE stock traded up $2.70 on Friday, hitting $66.68. 5,610,616 shares of the stock were exchanged, compared to its average volume of 6,511,622. SEA has a one year low of $34.35 and a one year high of $88.39. The firm's 50 day moving average is $56.11 and its two-hundred day moving average is $45.71. The firm has a market capitalization of $37.66 billion, a PE ratio of 278.25 and a beta of 1.43. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. SEA's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Sell-side analysts expect that SEA will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. grew its stake in shares of SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore's stock worth $1,384,427,000 after purchasing an additional 8,045,977 shares during the last quarter. Sands Capital Management LLC grew its position in shares of SEA by 3.5% in the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore's stock worth $708,471,000 after buying an additional 542,996 shares during the last quarter. Norges Bank purchased a new position in shares of SEA during the fourth quarter valued at approximately $640,219,000. Ward Ferry Management BVI Ltd raised its holdings in shares of SEA by 13.2% during the third quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore's stock valued at $194,234,000 after acquiring an additional 514,455 shares in the last quarter. Finally, Kora Management LP lifted its stake in SEA by 0.7% in the fourth quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore's stock worth $171,619,000 after acquiring an additional 28,000 shares during the period. Institutional investors own 59.53% of the company's stock.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.