SEA (NYSE:SE) Sets New 52-Week High After Analyst Upgrade

Sea Limited (NYSE:SE - Get Free Report) shares hit a new 52-week high during 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 traded. The stock had previously closed at $71.44.

SE has been the topic of a number of other reports. Wedbush reaffirmed an "outperform" rating and set a $72.00 target price on shares of SEA in a research note on Tuesday. Daiwa Capital Markets upgraded shares of SEA from a "neutral" rating to a "buy" rating in a report on Friday, February 2nd. TD Cowen upped their price objective on shares of SEA from $52.00 to $64.00 and gave the company a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th. Finally, Benchmark boosted their price target on SEA from $78.00 to $87.00 and gave the company a "buy" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.73.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. increased its stake in SEA by 12,344.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore's stock valued at $107,555,000 after purchasing an additional 2,634,327 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of SEA by 17.3% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,510,835 shares of the Internet company based in Singapore's stock worth $66,411,000 after acquiring an additional 222,777 shares during the last quarter. Untitled Investments LP grew its holdings in SEA by 56.1% in the third quarter. Untitled Investments LP now owns 284,493 shares of the Internet company based in Singapore's stock valued at $12,503,000 after purchasing an additional 102,280 shares during the period. Baillie Gifford & Co. increased its position in SEA by 30.8% during the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore's stock worth $1,384,427,000 after purchasing an additional 8,045,977 shares during the last quarter. Finally, Sunbelt Securities Inc. raised 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 during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

The company has a market cap of $42.20 billion, a price-to-earnings ratio of 1,474.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.43 and a current ratio of 1.46. The stock's fifty day simple moving average is $59.51 and its two-hundred day simple moving average is $47.48.

SEA (NYSE:SE - Get Free Report) last issued its earnings results 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 net margin of 0.39% and a return on equity of 0.80%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business posted $0.15 EPS. SEA's revenue was up 22.8% compared to the same quarter last year. Equities research analysts anticipate that Sea Limited will post 0.75 EPS 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.