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SEA (NYSE:SE) Reaches New 52-Week High at $76.08

SEA logo with Computer and Technology background

Sea Limited (NYSE:SE - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.08 and last traded at $75.89, with a volume of 1162277 shares trading hands. The stock had previously closed at $74.92.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $60.00 price objective on shares of SEA in a research note on Wednesday, May 15th. HSBC upped their price objective on SEA from $70.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. TD Cowen lifted their target price on SEA from $52.00 to $64.00 and gave the stock a "hold" rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Finally, Morgan Stanley upgraded shares of SEA from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $65.00 to $70.00 in a research report on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.87.

Get Our Latest Research Report on SE

SEA Stock Up 1.8 %

The firm has a market cap of $43.66 billion, a P/E ratio of 1,498.80 and a beta of 1.53. The business's fifty day moving average price is $66.23 and its two-hundred day moving average price is $52.25. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43.


SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.40). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. SEA's quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. As a group, equities research analysts anticipate that Sea Limited will post 0.67 EPS for the current year.

Institutional Investors Weigh In On SEA

Several hedge funds have recently modified their holdings of the business. Gulf International Bank UK Ltd increased its stake in SEA by 0.9% during the first quarter. Gulf International Bank UK Ltd now owns 28,745 shares of the Internet company based in Singapore's stock valued at $1,543,000 after acquiring an additional 258 shares during the period. Sunbelt Securities Inc. increased its position in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock valued at $29,000 after purchasing an additional 320 shares during the period. UMB Bank n.a. raised its stake in shares of SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock valued at $32,000 after buying an additional 327 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 336 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in SEA by 4.3% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore's stock valued at $381,000 after purchasing an additional 360 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Company Profile

(Get Free Report)

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.

Further Reading

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