SEA (NYSE:SE) Reaches New 1-Year High on Analyst Upgrade

Sea Limited (NYSE:SE)’s share price reached a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. JPMorgan Chase & Co. now has a $90.00 price target on the stock, up from their previous price target of $66.00. SEA traded as high as $78.25 and last traded at $77.31, with a volume of 1694748 shares. The stock had previously closed at $74.85.

SE has been the subject of a number of other research reports. Bank of America boosted their target price on SEA from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 price target on shares of SEA in a research report on Wednesday, May 15th. Benchmark raised their price objective on shares of SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. TD Cowen upped their target price on shares of SEA from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Finally, Barclays lifted their price target on shares of SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.93.

Institutional Investors Weigh In On SEA

A number of institutional investors have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA in the second quarter worth about $32,000. GAMMA Investing LLC grew its stake in shares of SEA by 121.3% in the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after buying an additional 336 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of SEA by 50.8% in the 1st quarter. UMB Bank n.a. now owns 1,188 shares of the Internet company based in Singapore’s stock worth $64,000 after buying an additional 400 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of SEA by 78.8% in the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after acquiring an additional 528 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 4.2 %

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.44 and a current ratio of 1.46. The stock’s fifty day moving average is $70.18 and its 200 day moving average is $61.36. The stock has a market cap of $44.64 billion, a P/E ratio of 1,497.00 and a beta of 1.51.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a net margin of 0.39% and a return on equity of 0.80%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm earned $0.54 EPS. The company’s revenue was up 23.0% on a year-over-year basis. As a group, equities research analysts predict that Sea Limited will post 0.62 earnings per share for the current fiscal year.

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.