SEA (NYSE:SE) Reaches New 1-Year High – Time to Buy?

Sea Limited (NYSE:SE) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $126.35 and last traded at $124.30, with a volume of 697467 shares changing hands. The stock had previously closed at $122.66.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Barclays raised their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Phillip Securities reissued a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Wedbush restated an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Benchmark boosted their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market cap of $70.73 billion, a price-to-earnings ratio of 823.57 and a beta of 1.55. The company has a fifty day moving average of $113.78 and a two-hundred day moving average of $96.88.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.26) EPS. Equities research analysts anticipate that Sea Limited will post 0.8 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA boosted its position in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after acquiring an additional 204 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of SEA during the fourth quarter worth about $34,000. Truvestments Capital LLC purchased a new position in shares of SEA in the third quarter worth about $41,000. Finally, Icon Wealth Advisors LLC purchased a new position in SEA during the third quarter valued at approximately $47,000. 59.53% of the stock is 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.