SEA (NYSE:SE) Sets New 12-Month High – Here’s Why

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

Wall Street Analyst Weigh In

SE has been the subject of a number of research reports. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Barclays increased their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

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 has a 50 day moving average price of $112.98 and a 200 day moving average price of $95.05. The company has a market capitalization of $70.66 billion, a PE ratio of 823.03 and a beta of 1.54.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business posted ($0.26) EPS. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. Equities analysts forecast that Sea Limited will post 0.76 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. WCM Investment Management LLC lifted its position in SEA by 35.9% in the 3rd 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 purchasing an additional 5,517,559 shares during the last quarter. Perpetual Ltd increased its stake in shares of 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 valued at $222,598,000 after purchasing an additional 2,031,038 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of SEA by 1.8% during the third 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 buying an additional 7,175 shares during the last quarter. M&T Bank Corp boosted its position in shares of SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after buying an additional 71,214 shares during the period. Finally, Kaizen Investment Management Pte. Ltd. bought a new position in SEA in the 3rd quarter worth approximately $587,544,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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.