Citigroup set a $38.00 target price on SEA (NYSE:SE) in a research note released on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the Internet company based in Singapore’s stock.
SE has been the topic of a number of other research reports. JPMorgan Chase & Co. started coverage on shares of SEA in a report on Wednesday, June 12th. They set an overweight rating and a $36.00 price target on the stock. Stifel Nicolaus increased their price objective on shares of SEA from $44.00 to $45.00 and gave the company a buy rating in a research report on Wednesday. Goldman Sachs Group upgraded shares of SEA from a neutral rating to a buy rating in a research report on Tuesday, August 13th. Credit Suisse Group set a $43.00 price target on shares of SEA and gave the stock a buy rating in a research report on Thursday, July 4th. Finally, Piper Jaffray Companies increased their price target on shares of SEA from $43.00 to $49.00 and gave the stock an overweight rating in a research report on Tuesday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. SEA presently has a consensus rating of Buy and a consensus price target of $41.67.
NYSE:SE opened at $31.64 on Wednesday. The company’s 50 day moving average price is $35.28 and its 200-day moving average price is $27.35. SEA has a 52 week low of $10.52 and a 52 week high of $38.00. The company has a quick ratio of 2.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.47. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of -10.69 and a beta of 1.32.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in SEA during the 2nd quarter valued at about $44,000. Daiwa Securities Group Inc. acquired a new stake in shares of SEA during the first quarter worth about $58,000. Glen Harbor Capital Management LLC acquired a new stake in shares of SEA during the second quarter worth about $68,000. Tyers Asset Management LLC acquired a new stake in shares of SEA during the second quarter worth about $94,000. Finally, Deutsche Bank AG acquired a new stake in shares of SEA during the fourth quarter worth about $103,000. Institutional investors and hedge funds own 59.58% of the company’s stock.
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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