SEA (NYSE:SE) Shares Gap Up – Should You Buy?

Shares of Sea Limited (NYSE:SE) gapped up prior to trading 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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SE. Barclays boosted their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush restated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Performance

The stock has a 50 day moving average price of $108.63 and a two-hundred day moving average price of $90.39. 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 company has a market capitalization of $61.91 billion, a price-to-earnings ratio of 721.13 and a beta of 1.54.

SEA (NYSE:SE) last announced its earnings results 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 company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the firm posted ($0.26) earnings per share. The company’s revenue was up 30.8% on a year-over-year basis. On average, analysts predict that Sea Limited will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Several large investors have recently made changes to their positions in SE. Kaizen Investment Management Pte. Ltd. acquired a new stake in SEA in the third quarter worth about $587,544,000. WCM Investment Management LLC raised its stake in shares of SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after buying an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in SEA by 15.5% in the third 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 during the period. CoreView Capital Management Ltd boosted its stake in SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after acquiring an additional 1,543,743 shares during the last quarter. Finally, Eminence Capital LP grew its holdings in SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after acquiring an additional 1,408,314 shares during the period. Institutional investors and hedge funds 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.