SEA (NYSE:SE) Reaches New 52-Week High - Should You Buy?

Key Points

• Sea Limited (NYSE: SE) reached a new 52-week high of $175.00, closing at $171.39 with over 3 million shares traded.
• Several brokerages have upgraded their ratings and price targets for SEA, with a consensus target price of $159.82 and a "Moderate Buy" rating.
• Despite a missed quarterly earnings target of $0.65 EPS compared to the expected $1.03, SEA reported a 38.2% increase in revenue year-over-year.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $175.00 and last traded at $171.39, with a volume of 3303201 shares traded. The stock had previously closed at $146.23.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SE. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Benchmark upped their price target on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Loop Capital restated a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.82.

SEA Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The firm has a market capitalization of $102.14 billion, a P/E ratio of 121.91 and a beta of 1.58. The stock's 50 day moving average is $156.26 and its two-hundred day moving average is $141.12.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 10.74% and a net margin of 4.87%. During the same quarter in the prior year, the company posted $0.14 EPS. SEA's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after acquiring an additional 27,448,779 shares during the period. Jennison Associates LLC bought a new position in shares of SEA in the 1st quarter valued at about $336,521,000. Fred Alger Management LLC grew its position in shares of SEA by 144.6% in the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock valued at $337,340,000 after acquiring an additional 1,528,301 shares during the period. Capital Research Global Investors grew its position in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after acquiring an additional 1,325,183 shares during the period. Finally, Scge Management L.P. grew its position in shares of SEA by 137.6% in the 1st quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock valued at $281,858,000 after acquiring an additional 1,251,000 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.

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