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

Shares of Sea Limited (NYSE:SE) gapped up before the market opened on Tuesday . The stock had previously closed at $123.49, but opened at $130.49. SEA shares last traded at $130.92, with a volume of 2,287,857 shares trading hands.

Analyst Ratings Changes

A number of research firms recently commented on SE. Barclays raised their price objective on shares of SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. TD Cowen raised their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One equities 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 assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

SEA Trading Up 8.4 %

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company’s 50 day moving average price is $119.00 and its 200 day moving average price is $104.91. The company has a market cap of $76.62 billion, a price-to-earnings ratio of 890.34 and a beta of 1.55.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, March 4th. The Internet company based in Singapore reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.37). SEA had a net margin of 0.64% and a return on equity of 1.40%. Research analysts anticipate that Sea Limited will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SE. State of Wyoming raised its stake in SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore’s stock worth $319,000 after acquiring an additional 90 shares in the last quarter. Covenant Partners LLC increased its position in shares of SEA by 2.4% during the 4th quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore’s stock worth $451,000 after purchasing an additional 101 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in SEA by 43.8% during 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 purchasing an additional 112 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 150 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in SEA by 33.7% during the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 152 shares during the last quarter. 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.