SEA (NYSE:SE) Shares Up 3.5%

Sea Limited (NYSE:SE - Get Free Report)'s stock price rose 3.5% during trading on Tuesday . The company traded as high as $54.60 and last traded at $54.55. Approximately 1,240,820 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 6,399,663 shares. The stock had previously closed at $52.72.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Benchmark raised their price target on SEA from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Citigroup raised SEA from a "neutral" rating to a "buy" rating and boosted their target price for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Wedbush increased their price target on SEA from $45.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, March 5th. Daiwa Capital Markets raised shares of SEA from a "neutral" rating to a "buy" rating in a report on Friday, February 2nd. Finally, Bank of America raised their price objective on shares of SEA from $46.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $66.77.

SEA Stock Performance

The firm has a fifty day moving average of $51.71 and a 200-day moving average of $44.17. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $31.84 billion, a price-to-earnings ratio of 236.08 and a beta of 1.50.

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) earnings per share (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% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. As a group, sell-side analysts anticipate that Sea Limited will post 1.01 EPS for the current year.

Institutional Trading of SEA

Several large investors have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its holdings in SEA by 91.4% in the 3rd 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 in the last quarter. UMB Bank n.a. raised its position in shares of SEA by 70.9% in the fourth 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 during the last quarter. GAMMA Investing LLC lifted its stake in shares of SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore's stock valued at $33,000 after buying an additional 336 shares during the period. Tyler Stone Wealth Management acquired a new stake in SEA during the second quarter worth approximately $33,000. Finally, Blue Trust Inc. grew its stake in SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore's stock worth $36,000 after acquiring an additional 509 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

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.