SEA (NYSE:SE) Hits New 1-Year High at $76.08

Sea Limited (NYSE:SE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.08 and last traded at $75.89, with a volume of 1162277 shares traded. The stock had previously closed at $74.92.

Analysts Set New Price Targets

Several brokerages recently issued reports on SE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 price objective on shares of SEA in a research report on Wednesday, May 15th. Wedbush reaffirmed an “outperform” rating and set a $72.00 price target on shares of SEA in a research report on Tuesday, May 14th. Barclays upped their price target on SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $65.00 to $70.00 in a research report on Monday, April 22nd. Finally, Benchmark upped their price target on SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.87.

SEA Trading Up 1.3 %

The business has a 50 day moving average of $66.23 and a two-hundred day moving average of $52.25. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. The firm has a market cap of $43.45 billion, a P/E ratio of 1,498.80 and a beta of 1.53.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.40). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Analysts predict that Sea Limited will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its holdings in shares of SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after purchasing an additional 327 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after purchasing an additional 336 shares in the last quarter. Blue Trust Inc. boosted its stake in SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 509 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in SEA by 38.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 394 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

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.