SEA (NYSE:SE) Hits New 52-Week High – Here’s What Happened

Sea Limited (NYSE:SE)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $119.68 and last traded at $117.99, with a volume of 6682 shares changing hands. The stock had previously closed at $118.16.

Analyst Ratings Changes

SE has been the topic of a number of analyst reports. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Barclays lifted their price objective on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the company a “hold” 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. Finally, Benchmark increased their price objective 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Price Performance

The firm has a market capitalization of $66.64 billion, a price-to-earnings ratio of 776.24 and a beta of 1.54. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $112.14 and a two-hundred day moving average price of $93.46.

SEA (NYSE:SE) last posted its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. 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 firm earned ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. As a group, research analysts forecast that Sea Limited will post 0.76 EPS for the current year.

Institutional Investors Weigh In On SEA

Institutional investors have recently bought and sold shares of the stock. Duquesne Family Office LLC bought a new position in shares of SEA in the second quarter valued at approximately $4,778,000. WCM Investment Management LLC boosted its stake in 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 valued at $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Perpetual Ltd raised its position in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after purchasing an additional 7,175 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after purchasing an additional 71,214 shares during 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.