SEA (NYSE:SE) Stock Price Up 4.9%

Sea Limited (NYSE:SE - Get Free Report)'s share price traded up 4.9% during trading on Thursday . The company traded as high as $56.17 and last traded at $55.64. 1,018,333 shares changed hands during trading, a decline of 85% from the average session volume of 6,613,092 shares. The stock had previously closed at $53.05.

Wall Street Analyst Weigh In

SE has been the subject of several recent research reports. Barclays lifted their price objective on SEA from $59.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. Citigroup upgraded SEA from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $50.00 in a research note on Thursday, February 1st. Wedbush lifted their price objective on SEA from $45.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, March 5th. Benchmark lifted their price objective on SEA from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Finally, Sanford C. Bernstein lifted 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.29.

SEA Stock Performance

The company has a market cap of $30.18 billion, a price-to-earnings ratio of 228.96 and a beta of 1.50. The firm has a 50-day simple moving average of $49.33 and a 200 day simple moving average of $43.24. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake in shares of SEA by 13.2% in the 1st quarter. Advisors Asset Management Inc. now owns 1,312 shares of the Internet company based in Singapore's stock valued at $157,000 after purchasing an additional 153 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SEA by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,613 shares of the Internet company based in Singapore's stock valued at $552,000 after purchasing an additional 178 shares during the last quarter. IFP Advisors Inc grew its stake in shares of SEA by 16.4% in the 2nd quarter. IFP Advisors Inc now owns 1,531 shares of the Internet company based in Singapore's stock valued at $89,000 after purchasing an additional 216 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of SEA by 2.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore's stock valued at $546,000 after purchasing an additional 271 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of SEA by 135.7% in the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore's stock valued at $43,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

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.