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

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SE shares. Benchmark boosted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note 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 upped their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Wedbush restated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Up 0.7 %

The stock has a market capitalization of $74.74 billion, a price-to-earnings ratio of 870.53 and a beta of 1.55. The firm’s fifty day moving average is $114.76 and its 200-day moving average is $98.81. 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 quarterly earnings data 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business earned ($0.26) EPS. The firm’s revenue was up 30.8% on a year-over-year basis. On average, sell-side analysts predict that Sea Limited will post 0.8 earnings per share for the current year.

Institutional Trading of SEA

A number of large investors have recently modified their holdings of SE. Norges Bank acquired a new stake in shares of SEA in the 4th quarter worth about $1,493,682,000. Kaizen Investment Management Pte. Ltd. bought a new position in SEA in the 3rd quarter valued at about $587,544,000. WCM Investment Management LLC grew its position 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 in the last quarter. Baillie Gifford & Co. grew its position in SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. Finally, Perpetual Ltd grew its position in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after buying an additional 2,031,038 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.