SEA (NYSE:SE) Sets New 1-Year High - Here's What Happened

Sea Limited (NYSE:SE - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $169.50 and last traded at $168.98, with a volume of 845169 shares. The stock had previously closed at $165.77.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of analyst reports. UBS Group increased their price target on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Arete Research upgraded SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $147.15.

SEA Stock Down 2.8%

The company has a 50-day moving average of $139.26 and a 200-day moving average of $126.79. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $97.62 billion, a price-to-earnings ratio of 1,104.73 and a beta of 1.70.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA's revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS. On average, equities analysts predict that Sea Limited will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SE. Smithfield Trust Co acquired a new stake in SEA during the 1st quarter worth about $25,000. Private Trust Co. NA raised its stake in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 204 shares during the last quarter. Sava Infond d.o.o. purchased a new position in shares of SEA in the first quarter worth about $26,000. Tradewinds Capital Management LLC lifted its holdings in shares of SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares during the period. Finally, Inlight Wealth Management LLC purchased a new stake in SEA in the first quarter valued at approximately $28,000. Institutional investors and hedge funds own 59.53% of the company's stock.

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.