SEA (NYSE:SE) Shares Gap Up – What’s Next?

Sea Limited (NYSE:SE) shares gapped up before the market opened on Wednesday . The stock had previously closed at $106.42, but opened at $109.55. SEA shares last traded at $108.36, with a volume of 328,512 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SE. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Bank of America upped their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Barclays upped their price objective on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Price Performance

The company has a market cap of $62.04 billion, a P/E ratio of 722.60 and a beta of 1.54. 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 firm has a 50 day moving average price of $109.21 and a two-hundred day moving average price of $90.65.

SEA (NYSE:SE) last issued 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the business earned ($0.26) EPS. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, analysts predict that Sea Limited will post 0.81 EPS for the current fiscal year.

Institutional Trading of SEA

Several institutional investors have recently added to or reduced their stakes in SE. Rosenberg Matthew Hamilton raised its position in SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of SEA during the third quarter valued at approximately $41,000. Icon Wealth Advisors LLC purchased a new stake in SEA in the third quarter worth $47,000. TD Private Client Wealth LLC boosted its holdings in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its position in SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares during the period. 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.