SEA (NYSE:SE) Hits New 1-Year High – Still a Buy?

Sea Limited (NYSE:SE) shares reached a new 52-week high on Tuesday . The company 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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SE. Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. TD Cowen boosted their price target on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Performance

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

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the company earned ($0.26) earnings per share. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. Research analysts forecast that Sea Limited will post 0.76 earnings per share for the current year.

Institutional Trading of SEA

Institutional investors have recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of SEA in the 3rd quarter valued at approximately $41,000. Icon Wealth Advisors LLC acquired a new stake in SEA in the 3rd quarter worth approximately $47,000. Geneos Wealth Management Inc. lifted its holdings in SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after purchasing an additional 513 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position 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 purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.