SEA (NYSE:SE) Sets New 1-Year High – Still a Buy?

Sea Limited (NYSE:SE)’s share price hit a new 52-week high on Thursday . The stock traded as high as $117.85 and last traded at $117.33, with a volume of 2586754 shares trading hands. The stock had previously closed at $114.46.

Analyst Ratings Changes

SE has been the subject of several recent research reports. Wedbush reaffirmed an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. 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. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. One investment 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Price Performance

The business’s 50 day moving average is $96.76 and its two-hundred day moving average is $80.68. The firm has a market cap of $64.70 billion, a P/E ratio of 753.60 and a beta of 1.52. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. raised its position in SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 150 shares during the period. M&T Bank Corp raised its position in SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after acquiring an additional 71,214 shares during the period. TD Private Client Wealth LLC raised its position in SEA by 33.7% in the third quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after acquiring an additional 152 shares during the period. Toronto Dominion Bank raised its position in SEA by 20.9% in the third quarter. Toronto Dominion Bank now owns 1,079,263 shares of the Internet company based in Singapore’s stock worth $101,753,000 after acquiring an additional 186,294 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in SEA in the third quarter worth about $535,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.