SEA (NYSE:SE) Sets New 1-Year High – What’s Next?

Sea Limited (NYSE:SE)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $119.68 and last traded at $117.99, with a volume of 6682 shares changing hands. The stock had previously closed at $118.16.

Analysts Set New Price Targets

SE has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. TD Cowen lifted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Benchmark upped their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $66.64 billion, a P/E ratio of 776.24 and a beta of 1.54. The firm’s 50-day moving average is $112.14 and its two-hundred day moving average is $93.46.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.26) EPS. As a group, research analysts expect that Sea Limited will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its position in SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares during the period. WCM Investment Management LLC grew its stake in SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after buying an additional 5,517,559 shares during the last quarter. Kaizen Investment Management Pte. Ltd. bought a new position in SEA in the 3rd quarter worth $587,544,000. Eminence Capital LP lifted its position in SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after acquiring an additional 1,408,314 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in SEA by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after acquiring an additional 124,433 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.