SEA (NYSE:SE) Hits New 52-Week High Following Analyst Upgrade

Sea Limited (NYSE:SE) shares hit a new 52-week high during mid-day trading on Friday after Barclays raised their price target on the stock from $85.00 to $87.00. Barclays currently has an overweight rating on the stock. SEA traded as high as $72.46 and last traded at $72.46, with a volume of 29417 shares changing hands. The stock had previously closed at $71.44.

A number of other research firms have also recently commented on SE. Bank of America lifted their target price on SEA from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein boosted their price objective on SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. TD Cowen increased their price objective on SEA from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday. Benchmark lifted their target price on shares of SEA from $78.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $72.73.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Untitled Investments LP grew its holdings in shares of SEA by 65.6% in the 1st quarter. Untitled Investments LP now owns 471,223 shares of the Internet company based in Singapore’s stock worth $25,309,000 after acquiring an additional 186,730 shares during the period. iA Global Asset Management Inc. grew its holdings in SEA by 2.2% in the first quarter. iA Global Asset Management Inc. now owns 56,425 shares of the Internet company based in Singapore’s stock valued at $3,031,000 after purchasing an additional 1,239 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of SEA in the first quarter valued at $1,880,000. California State Teachers Retirement System raised its stake in shares of SEA by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 441,921 shares of the Internet company based in Singapore’s stock worth $23,736,000 after buying an additional 4,945 shares during the last quarter. Finally, Vancity Investment Management Ltd grew its stake in SEA by 3.1% in the 1st quarter. Vancity Investment Management Ltd now owns 76,629 shares of the Internet company based in Singapore’s stock valued at $4,115,000 after acquiring an additional 2,333 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $41.95 billion, a price-to-earnings ratio of 1,428.60 and a beta of 1.43. The stock’s 50 day moving average is $59.19 and its 200 day moving average is $47.26.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, analysts predict that Sea Limited will post 0.75 earnings per share for the current year.

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.