SEA (NYSE:SE) Downgraded to “Neutral” Rating by Bank of America

Bank of America downgraded shares of SEA (NYSE:SE) from a buy rating to a neutral rating in a report published on Friday, Marketbeat Ratings reports. Bank of America currently has $160.00 price target on the Internet company based in Singapore’s stock.

Other research analysts have also issued research reports about the company. Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Arete Research raised shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Benchmark increased their target price on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, UBS Group upped their price target on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

SEA Stock Performance

Shares of NYSE SE opened at $139.18 on Friday. SEA has a 12-month low of $55.00 and a 12-month high of $147.73. The company has a market cap of $81.99 billion, a PE ratio of 927.87 and a beta of 1.70. The stock has a 50 day simple moving average of $127.18 and a 200-day simple moving average of $118.75. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Claro Advisors LLC bought a new position in shares of SEA in the fourth quarter valued at $264,000. Assenagon Asset Management S.A. acquired a new position in shares of SEA in the 4th quarter worth $463,000. Park Avenue Securities LLC grew its holdings in shares of SEA by 168.0% in the 4th quarter. Park Avenue Securities LLC now owns 20,153 shares of the Internet company based in Singapore’s stock worth $2,138,000 after acquiring an additional 12,634 shares during the last quarter. Moseley Investment Management Inc. raised its position in shares of SEA by 4.3% during the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock worth $411,000 after purchasing an additional 161 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in shares of SEA by 2.7% during the fourth quarter. Ritholtz Wealth Management now owns 6,458 shares of the Internet company based in Singapore’s stock valued at $685,000 after purchasing an additional 170 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.