SEA (NYSE:SE) Reaches New 12-Month High – Still a Buy?

Sea Limited (NYSE:SE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $117.85 and last traded at $117.33, with a volume of 2586754 shares changing hands. The stock had previously closed at $114.46.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SE. Barclays lifted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. Bank of America raised their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. TD Cowen raised 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. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Up 1.6 %

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 fifty day moving average of $96.02 and a 200 day moving average of $80.43. The stock has a market capitalization of $66.58 billion, a price-to-earnings ratio of 775.53 and a beta of 1.52.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.26) earnings per share. As a group, equities analysts predict that Sea Limited will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Several institutional investors have recently bought and sold shares of SE. SOA Wealth Advisors LLC. boosted its position in shares of SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 150 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of SEA by 33.7% in the 3rd 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 in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 160 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of SEA by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock worth $290,000 after buying an additional 180 shares in the last quarter. Finally, Canton Hathaway LLC boosted its position in shares of SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.