SEA (NYSE:SE) Sets New 1-Year High on Analyst Upgrade

Key Points

• SEA shares reached a new 52-week high after JPMorgan Chase & Co. increased their price target from $208.00 to $230.00, maintaining an overweight rating on the stock.
• Several analysts have recently upgraded SEA's ratings, with price targets increased by firms such as Wedbush and Benchmark, reflecting strong investor sentiment.
• Despite missing quarterly earnings estimates, SEA reported a significant year-over-year revenue increase of 38.2%, highlighting continued growth in its business segments.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $208.00 to $230.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. SEA traded as high as $197.75 and last traded at $196.27, with a volume of 702531 shares. The stock had previously closed at $193.04.

Several other research analysts have also recently weighed in on the company. Wedbush boosted their price target on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Benchmark boosted their price target on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Loop Capital restated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $176.85.

Institutional Trading of SEA

Several hedge funds and other institutional investors have recently bought and sold shares of SE. Morse Asset Management Inc boosted its position in shares of SEA by 21.1% in the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore's stock worth $1,946,000 after purchasing an additional 2,121 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in shares of SEA by 5.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore's stock valued at $86,880,000 after buying an additional 27,964 shares during the last quarter. Captrust Financial Advisors lifted its holdings in SEA by 4.2% in the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore's stock valued at $4,348,000 after acquiring an additional 1,084 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of SEA by 248.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore's stock valued at $6,268,000 after purchasing an additional 27,953 shares in the last quarter. Finally, BNP Paribas increased its stake in shares of SEA by 34.9% in the 2nd quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore's stock valued at $4,624,000 after purchasing an additional 7,480 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Trading Up 2.0%

The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $116.01 billion, a price-to-earnings ratio of 101.69 and a beta of 1.53. The company has a fifty day moving average of $167.27 and a 200-day moving average of $149.47.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company's revenue for the quarter was up 38.2% on a year-over-year basis. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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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