SEA (NYSE:SE) Reaches New 12-Month High – Should You Buy?

Sea Limited (NYSE:SE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $119.68 and last traded at $117.99, with a volume of 6682 shares traded. The stock had previously closed at $118.16.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SE shares. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Barclays lifted their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. TD Cowen increased their price objective 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. Benchmark boosted their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

The company’s 50 day moving average price is $111.61 and its 200-day moving average price is $93.13. The stock has a market cap of $67.82 billion, a P/E ratio of 789.40 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

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). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) earnings per share. Equities analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SE. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the 3rd quarter valued at $587,544,000. WCM Investment Management LLC grew its position in SEA by 35.9% during 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. increased its holdings 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 during the last quarter. Perpetual Ltd grew its position in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after acquiring an additional 2,031,038 shares during the period. Finally, CoreView Capital Management Ltd raised its stake in SEA by 341.1% in the 3rd 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. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.