SEA (NYSE:SE) Hits New 1-Year High – Here’s What Happened

Sea Limited (NYSE:SE)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $130.65 and last traded at $130.58, with a volume of 2884250 shares trading hands. The stock had previously closed at $129.71.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Barclays lifted their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, TD Cowen boosted their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Trading Up 0.7 %

The business’s 50-day moving average price is $114.76 and its two-hundred day moving average price is $98.81. The firm has a market cap of $74.74 billion, a price-to-earnings ratio of 870.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. Equities analysts expect that Sea Limited will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On SEA

Institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA grew its holdings in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after purchasing an additional 204 shares during the period. Rosenberg Matthew Hamilton grew its stake in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the period. Kestra Investment Management LLC purchased a new stake in SEA during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC grew its stake in SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in SEA during the third quarter worth approximately $41,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

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.