SEA (NYSE:SE) Shares Up 3.5%

Sea Limited (NYSE:SE)’s share price rose 3.5% on Tuesday . The stock traded as high as $54.60 and last traded at $54.55. Approximately 1,240,820 shares changed hands during trading, a decline of 81% from the average daily volume of 6,399,663 shares. The stock had previously closed at $52.72.

Analysts Set New Price Targets

SE has been the topic of several recent research reports. Citigroup upgraded SEA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $50.00 in a report on Thursday, February 1st. Daiwa Capital Markets upgraded SEA from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Sanford C. Bernstein boosted their target price on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Wedbush boosted their target price on SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Finally, HSBC boosted their target price on SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.77.

SEA Stock Down 1.3 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The business has a 50 day simple moving average of $52.23 and a 200 day simple moving average of $44.33. The company has a market capitalization of $31.43 billion, a price-to-earnings ratio of 231.88 and a beta of 1.50.

SEA (NYSE:SE) last released its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts predict that Sea Limited will post 1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. UMB Bank n.a. increased its position in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after acquiring an additional 327 shares during the period. GAMMA Investing LLC increased its position in shares of SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after acquiring an additional 336 shares during the period. Tyler Stone Wealth Management purchased a new stake in shares of SEA during the second quarter worth $33,000. Finally, Blue Trust Inc. increased its position in shares of SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 509 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

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 eSports operations.