SEA (NYSE:SE) Hits New 1-Year High Following Analyst Upgrade

Sea Limited (NYSE:SE) hit a new 52-week high during mid-day trading on Wednesday after Benchmark raised their price target on the stock from $130.00 to $150.00. Benchmark currently has a buy rating on the stock. SEA traded as high as $139.88 and last traded at $140.17, with a volume of 1684188 shares trading hands. The stock had previously closed at $132.31.

A number of other analysts have also issued reports on the company. Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday. Barclays boosted their price target on SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upped their target price on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Phillip Securities restated a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.64.

Hedge Funds Weigh In On SEA

Several hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. increased its position in shares of SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after acquiring an additional 1,390,531 shares during the period. WCM Investment Management LLC increased its position in shares of SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after acquiring an additional 4,761,289 shares during the period. Norges Bank acquired a new position in shares of SEA in the 4th quarter valued at $1,493,682,000. Capital Research Global Investors increased its position in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after acquiring an additional 1,325,183 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock valued at $335,084,000 after acquiring an additional 142,080 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

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 50-day moving average of $119.42 and a 200-day moving average of $105.29. The stock has a market capitalization of $83.88 billion, a price-to-earnings ratio of 977.07 and a beta of 1.55.

SEA Company Profile

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.