SEA (NYSE:SE) Shares Gap Up – What’s Next?

Sea Limited (NYSE:SE)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $106.42, but opened at $109.55. SEA shares last traded at $108.36, with a volume of 328,512 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen upped their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, Bank of America lifted their target price on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Stock Up 1.6 %

The stock has a market cap of $61.91 billion, a price-to-earnings ratio of 721.13 and a beta of 1.54. The business has a fifty day moving average of $108.63 and a 200 day moving average of $90.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the company posted ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, equities analysts predict that Sea Limited will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently made changes to their positions in the business. Kaizen Investment Management Pte. Ltd. acquired a new stake in SEA in the 3rd quarter worth $587,544,000. WCM Investment Management LLC lifted its stake in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after buying an additional 5,517,559 shares during the period. Baillie Gifford & Co. grew its position in 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 buying an additional 5,295,590 shares in the last quarter. CoreView Capital Management Ltd increased its stake in SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after acquiring an additional 1,543,743 shares during the period. Finally, Eminence Capital LP raised its holdings in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

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.