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

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SE. TD Cowen lifted their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Wedbush restated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Barclays boosted their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Price Performance

The firm has a market capitalization of $68.64 billion, a PE ratio of 799.50 and a beta of 1.54. The firm’s fifty day moving average price is $112.68 and its 200 day moving average price is $94.66. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last posted its 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 analyst estimates of $4.09 billion. During the same period last year, the business earned ($0.26) earnings per share. The firm’s revenue was up 30.8% on a year-over-year basis. As a group, equities analysts forecast that Sea Limited will post 0.76 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted its stake in SEA by 15.5% during the 3rd 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 purchasing an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC increased its stake in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the last quarter. Kaizen Investment Management Pte. Ltd. purchased a new stake in SEA in the third quarter valued at $587,544,000. Geode Capital Management LLC lifted its stake in shares of SEA by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the period. 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.