SEA (NYSE:SE) Hits New 12-Month High – Time to Buy?

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

Wall Street Analyst Weigh In

SE has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. TD Cowen raised their target price on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Wedbush reaffirmed an “outperform” rating and set a $84.00 target price (up previously from $76.00) on shares of SEA in a report on Tuesday, August 13th. Barclays raised their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, Dbs Bank reaffirmed a “hold” rating and set a $75.00 target price on shares of SEA in a report on Friday, June 28th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $80.92.

SEA Price Performance

The business’s fifty day moving average price is $85.46 and its 200-day moving average price is $73.28. The company has a market capitalization of $56.61 billion, a P/E ratio of -282.60 and a beta of 1.52. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SE. Raymond James & Associates grew its holdings in shares of SEA by 23.5% during the 3rd quarter. Raymond James & Associates now owns 135,821 shares of the Internet company based in Singapore’s stock valued at $12,805,000 after purchasing an additional 25,827 shares during the last quarter. Blue Trust Inc. boosted its position in SEA by 127.4% during the third quarter. Blue Trust Inc. now owns 10,112 shares of the Internet company based in Singapore’s stock valued at $953,000 after buying an additional 5,666 shares during the period. Aaron Wealth Advisors LLC bought a new position in shares of SEA during the third quarter valued at about $244,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of SEA by 1.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,354 shares of the Internet company based in Singapore’s stock worth $3,427,000 after buying an additional 446 shares during the period. Finally, Roberts Wealth Advisors LLC bought a new stake in shares of SEA in the 3rd quarter valued at about $2,223,000. 59.53% of the stock is currently owned by institutional investors.

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.