SEA (NYSE:SE) Reaches New 52-Week High – Here’s What Happened

Sea Limited (NYSE:SE) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $139.18 and last traded at $139.06, with a volume of 7626243 shares changing hands. The stock had previously closed at $134.95.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Price Performance

The firm has a market cap of $79.59 billion, a price-to-earnings ratio of 927.05 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The business has a 50 day simple moving average of $116.40 and a 200-day simple moving average of $101.06.

Hedge Funds Weigh In On SEA

Hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 204 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of SEA in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC boosted its stake in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of SEA in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

About SEA

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.