SEA (SE) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of SEA (NYSE:SE) from an equal weight rating to an overweight rating in a research note published on Friday morning.

Other equities research analysts also recently issued reports about the stock. Goldman Sachs Group assumed coverage on shares of SEA in a research report on Tuesday, November 14th. They issued a buy rating and a $22.00 price target for the company. Stifel Nicolaus assumed coverage on shares of SEA in a research note on Tuesday, November 14th. They issued a buy rating and a $19.00 price objective on the stock. Citigroup assumed coverage on shares of SEA in a research note on Thursday, November 16th. They issued a buy rating and a $19.00 price objective on the stock. Cowen assumed coverage on shares of SEA in a research note on Tuesday, November 14th. They issued an outperform rating and a $18.00 price objective on the stock. Finally, Piper Jaffray Companies assumed coverage on shares of SEA in a research note on Tuesday, November 14th. They issued an overweight rating and a $18.00 price objective on the stock. Six analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of $18.67.

SEA (NYSE:SE) traded up $0.83 during midday trading on Friday, hitting $12.43. 1,403,600 shares of the stock were exchanged, compared to its average volume of 1,940,662. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.47 and a quick ratio of 0.40. SEA has a 52 week low of $10.78 and a 52 week high of $16.99.

An institutional investor recently bought a new position in SEA stock. Chicago Partners Investment Group LLC bought a new stake in Sea Limited (NYSE:SE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,329 shares of the pipeline company’s stock, valued at approximately $1,698,000. Institutional investors and hedge funds own 68.67% of the company’s stock.

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About SEA

Sea Limited, formerly Garena Interactive Holding Limited, is a Singapore-based Internet and mobile platform company. The Company is a platform provider for online personal computer (PC) and mobile digital content, e-commerce and payments across Asia. The Company offers Garena+, an online platform for people to meet, chat and play games with each other.

Analyst Recommendations for SEA (NYSE:SE)

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