SEA (NYSE:SE) Hits New 1-Year High – Should You Buy?

Sea Limited (NYSE:SE)’s share price reached a new 52-week high on Thursday . The company 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.

Analysts Set New Price Targets

Several equities research analysts have commented on SE shares. TD Cowen boosted 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. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Barclays upped their price objective on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Price Performance

The company’s 50-day simple moving average is $115.44 and its 200-day simple moving average is $99.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market capitalization of $77.10 billion, a price-to-earnings ratio of 898.11 and a beta of 1.55.

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 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 firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business posted ($0.26) earnings per share. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. Research analysts forecast that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA grew its position in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake 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 buying an additional 203 shares during the period. Kestra Investment Management LLC acquired a new stake in SEA during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC raised its holdings in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of SEA during the 3rd quarter valued at $41,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.