SEA (NYSE:SE) Sets New 52-Week High – What’s Next?

Sea Limited (NYSE:SE)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $130.65 and last traded at $130.58, with a volume of 2884250 shares changing hands. The stock had previously closed at $129.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Benchmark raised their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays upped their price objective on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Wedbush reissued an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Up 1.2 %

The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $77.10 billion, a P/E ratio of 898.11 and a beta of 1.55. The firm’s 50 day moving average is $115.44 and its two-hundred day moving average is $99.53.

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

Institutional Investors Weigh In On SEA

Several large investors have recently modified their holdings of SE. Sanctuary Advisors LLC acquired a new position in SEA in the 2nd quarter worth $388,000. Swedbank AB lifted its holdings in shares of SEA by 53.0% in the third quarter. Swedbank AB now owns 143,344 shares of the Internet company based in Singapore’s stock valued at $13,514,000 after purchasing an additional 49,684 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of SEA by 1.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,354 shares of the Internet company based in Singapore’s stock worth $3,427,000 after buying an additional 446 shares during the period. Aaron Wealth Advisors LLC bought a new position in shares of SEA during the third quarter worth about $244,000. Finally, Blue Trust Inc. raised its position in SEA by 127.4% in the 3rd quarter. Blue Trust Inc. now owns 10,112 shares of the Internet company based in Singapore’s stock valued at $953,000 after buying an additional 5,666 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.