SEA (NYSE:SE) Reaches New 52-Week High – Should You Buy?

Sea Limited (NYSE:SE) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $120.77 and last traded at $119.84, with a volume of 2469894 shares. The stock had previously closed at $114.23.

Analysts Set New Price Targets

SE has been the subject of several research reports. Barclays lifted their target price on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. TD Cowen upped their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark lifted their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Price Performance

The company has a market cap of $68.64 billion, a P/E ratio of 799.50 and a beta of 1.54. The company’s 50-day moving average price is $112.68 and its two-hundred day moving average price is $94.66. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last issued its quarterly 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). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.26) earnings per share. As a group, sell-side analysts expect that Sea Limited will post 0.76 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake 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 last quarter. WCM Investment Management LLC lifted its position in SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the 3rd quarter valued at about $587,544,000. Geode Capital Management LLC increased its stake in shares of SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the period. Finally, Perpetual Ltd raised its holdings in shares of SEA by 3,033.0% during the fourth 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 during the last quarter. 59.53% of the stock is 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.