SEA (NYSE:SE) Shares Up 1.5%

Sea Limited (NYSE:SE - Get Free Report)'s share price traded up 1.5% during mid-day trading on Wednesday . The company traded as high as $57.90 and last traded at $57.86. 566,915 shares were traded during mid-day trading, a decline of 91% from the average session volume of 6,510,698 shares. The stock had previously closed at $57.02.

Analyst Ratings Changes

Several brokerages recently issued reports on SE. Daiwa Capital Markets upgraded shares of SEA from a "neutral" rating to a "buy" rating in a report on Friday, February 2nd. 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. HSBC upped their target price on SEA from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Benchmark boosted their price target on SEA from $65.00 to $78.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Finally, Barclays upped their price objective on SEA from $59.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $68.29.

SEA Trading Up 0.0 %

The business has a 50-day simple moving average of $50.97 and a 200-day simple moving average of $43.89. The company has a market cap of $32.21 billion, a PE ratio of 237.67 and a beta of 1.50. 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 issued its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the company posted $0.72 EPS. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts predict that Sea Limited will post 1.01 EPS for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of large investors have recently modified their holdings of SE. Norges Bank purchased a new position in SEA in the fourth quarter valued at approximately $640,219,000. Baillie Gifford & Co. grew its position in shares of SEA by 30.8% in the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore's stock valued at $1,384,427,000 after buying an additional 8,045,977 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in SEA by 12,344.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore's stock worth $107,555,000 after acquiring an additional 2,634,327 shares in the last quarter. Capital International Investors lifted its position in SEA by 92.1% in the first quarter. Capital International Investors now owns 3,418,102 shares of the Internet company based in Singapore's stock valued at $409,473,000 after acquiring an additional 1,638,408 shares during the last quarter. Finally, Altimeter Capital Management LP boosted its stake in SEA by 128.0% in the first quarter. Altimeter Capital Management LP now owns 2,850,000 shares of the Internet company based in Singapore's stock valued at $131,784,000 after acquiring an additional 1,600,000 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.