Research analysts at JPMorgan Chase & Co. assumed coverage on shares of SEA (NYSE:SE) in a research report issued on Wednesday, The Fly reports. The firm set an “overweight” rating on the Internet company based in Singapore’s stock.
SE has been the subject of several other research reports. Zacks Investment Research raised shares of SEA from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Friday, March 1st. Piper Jaffray Companies reissued an “overweight” rating and issued a $25.00 price objective on shares of SEA in a research report on Wednesday, February 27th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $27.00 price objective on shares of SEA in a research report on Wednesday, February 27th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $35.33.
SE stock traded up $0.73 on Wednesday, hitting $31.22. 2,888,601 shares of the company were exchanged, compared to its average volume of 4,535,170. SEA has a twelve month low of $10.52 and a twelve month high of $32.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.25 and a current ratio of 2.26. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of -10.55 and a beta of 1.24.
Several institutional investors have recently added to or reduced their stakes in SE. Hillhouse Capital Management LTD. purchased a new position in shares of SEA in the first quarter valued at $247,993,000. Jericho Capital Asset Management L.P. boosted its stake in shares of SEA by 352.4% in the first quarter. Jericho Capital Asset Management L.P. now owns 7,790,600 shares of the Internet company based in Singapore’s stock valued at $183,235,000 after purchasing an additional 6,068,707 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of SEA in the first quarter valued at $75,670,000. Renaissance Technologies LLC purchased a new position in shares of SEA in the first quarter valued at $74,768,000. Finally, Morgan Stanley boosted its stake in shares of SEA by 159.1% in the first quarter. Morgan Stanley now owns 2,632,332 shares of the Internet company based in Singapore’s stock valued at $61,912,000 after purchasing an additional 1,616,389 shares during the period. 58.45% of the stock is owned by institutional investors.
SEA Company Profile
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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