SEA (NYSE:SE) Given New $85.00 Price Target at Barclays

SEA (NYSE:SE) had its price target lifted by Barclays from $68.00 to $85.00 in a research note released on Friday, Benzinga reports. Barclays currently has an overweight rating on the Internet company based in Singapore’s stock.

Several other research firms have also recently commented on SE. Morgan Stanley upgraded shares of SEA from an equal weight rating to an overweight rating and boosted their price target for the company from $65.00 to $70.00 in a report on Monday, April 22nd. Daiwa Capital Markets upgraded SEA from a neutral rating to a buy rating in a report on Friday, February 2nd. Loop Capital raised shares of SEA from a hold rating to a buy rating and raised their price objective for the company from $59.00 to $92.00 in a research report on Wednesday, April 24th. Sanford C. Bernstein boosted their target price on shares of SEA from $60.00 to $70.00 and gave the stock an outperform rating in a research report on Thursday, March 14th. Finally, Citigroup raised shares of SEA from a neutral rating to a buy rating and lifted their price objective for the company from $44.00 to $50.00 in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, SEA presently has a consensus rating of Moderate Buy and a consensus price target of $71.21.

SEA Price Performance

Shares of NYSE:SE traded down $0.53 on Friday, reaching $66.13. 4,244,106 shares of the company traded hands, compared to its average volume of 6,485,638. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The stock has a market capitalization of $37.35 billion, a PE ratio of 280.50 and a beta of 1.43. The company’s 50 day moving average is $56.54 and its 200-day moving average is $45.85.

SEA (NYSE:SE) last posted its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. As a group, analysts anticipate that SEA will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. raised its stake in SEA by 30.8% during 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 acquiring an additional 8,045,977 shares in the last quarter. Sands Capital Management LLC lifted its holdings in SEA by 3.5% during the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock valued at $708,471,000 after purchasing an additional 542,996 shares during the last quarter. Norges Bank acquired a new position in SEA in the fourth quarter valued at about $640,219,000. Ward Ferry Management BVI Ltd grew its stake in 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 worth $194,234,000 after buying an additional 514,455 shares during the last quarter. Finally, Kora Management LP increased its holdings in shares of SEA by 0.7% during 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 buying an additional 28,000 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

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.