Sea Limited price target raised to $182 from $148 at Barclays

Barclays raised the firm’s price target on Sea Limited (SE) to $182 from $148 and keeps an Overweight rating on the shares following the Q4 report. The firm says the better than expected Shopee revenue and much better than expected Shopee profits “kicked off the cycle of significant profit growth” for Sea. The company has made “impressive progress” in recent quarters in advertising penetration among its sellers and the continued momentum in ad penetration will not only help the revenue growth but also boost its margins, the analyst tells investors in a research note.