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

Sea Limited (NYSE:SE) reached a new 52-week high during trading on Friday . The stock 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.

Analyst Ratings Changes

A number of brokerages have commented on SE. Benchmark boosted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Cowen increased their price target 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. Barclays boosted their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. One investment 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’s stock. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Trading Up 0.7 %

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 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’s fifty day moving average price is $113.78 and its two-hundred day moving average price is $96.88.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The firm 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 firm’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.26) EPS. Research analysts expect that Sea Limited will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in shares of 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 buying an additional 204 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in shares of 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 purchasing an additional 203 shares during the last quarter. Kestra Investment Management LLC bought a new stake in SEA in the 4th quarter valued at $34,000. Truvestments Capital LLC bought a new position in SEA during the 3rd quarter worth $41,000. Finally, Icon Wealth Advisors LLC bought a new position in SEA during the third quarter worth about $47,000. Institutional investors 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.