SEA (NYSE:SE) Reaches New 52-Week High – Time to Buy?

Sea Limited (NYSE:SE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $139.18 and last traded at $139.06, with a volume of 7626243 shares traded. The stock had previously closed at $134.95.

Analyst Ratings Changes

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

SEA Stock Down 2.5 %

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 business has a 50 day moving average price of $117.09 and a 200 day moving average price of $101.52. The firm has a market capitalization of $75.98 billion, a P/E ratio of 884.99 and a beta of 1.55.

Hedge Funds Weigh In On SEA

Institutional investors have recently made changes to their positions in the business. Private Trust Co. NA increased its stake in SEA by 474.4% during 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 acquiring an additional 204 shares during the period. Rosenberg Matthew Hamilton increased its stake in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares during the period. Kestra Investment Management LLC bought a new position in SEA during the fourth quarter valued at about $34,000. Farther Finance Advisors LLC increased its stake in SEA by 43.8% during the fourth 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 during the period. Finally, Banque Transatlantique SA bought a new position in SEA during the fourth quarter valued at about $39,000. 59.53% of the stock is currently owned by institutional investors.

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.