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

Sea Limited (NYSE:SE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $101.31 and last traded at $100.82, with a volume of 144018 shares traded. The stock had previously closed at $99.37.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SE shares. TD Cowen upped their price objective on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Wedbush reaffirmed an “outperform” rating and set a $84.00 price target (up previously from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Benchmark lifted their price objective on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Dbs Bank restated a “hold” rating and set a $75.00 target price on shares of SEA in a research report on Friday, June 28th. Finally, Bank of America lifted their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $80.92.

SEA Stock Performance

The company’s 50 day simple moving average is $85.46 and its 200 day simple moving average is $73.28. The stock has a market cap of $56.61 billion, a PE ratio of -282.60 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts expect that Sea Limited will post 0.64 earnings per share for the current year.

Institutional Trading of SEA

A number of large investors have recently added to or reduced their stakes in SE. Baillie Gifford & Co. increased its stake in shares of SEA by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock worth $2,447,451,000 after purchasing an additional 148,980 shares during the last quarter. Kora Management LP lifted its position in shares of SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after buying an additional 400,000 shares during the last quarter. Eminence Capital LP lifted its position in shares of SEA by 45.2% during 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 buying an additional 1,408,314 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its stake in shares of SEA by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock worth $201,113,000 after acquiring an additional 68,900 shares during the period. Finally, Prudential PLC increased its holdings in SEA by 6.7% in the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock worth $260,673,000 after acquiring an additional 229,500 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.