SEA (NYSE:SE) Reaches New 52-Week High – Time to Buy?

Sea Limited (NYSE:SE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $139.18 and last traded at $139.06, with a volume of 7626243 shares changing hands. The stock had previously closed at $134.95.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SE. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Phillip Securities reaffirmed 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 increased their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays increased their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, TD Cowen raised their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Price Performance

The stock has a fifty day moving average price of $117.09 and a 200-day moving average price of $101.52. The company has a market cap of $75.98 billion, a PE ratio of 884.99 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Institutional Trading of SEA

A number of hedge funds have recently modified their holdings of SE. Norges Bank purchased a new stake in shares of SEA during the fourth quarter worth $1,493,682,000. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the third quarter worth $587,544,000. WCM Investment Management LLC raised its holdings in shares of SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after acquiring an additional 5,295,590 shares in the last quarter. Finally, Perpetual Ltd raised its holdings in shares of SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. Hedge funds and other institutional investors 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.