SEA (NYSE:SE) Hits New 12-Month High - What's Next?

Sea Limited (NYSE:SE - Get Free Report) hit 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 changing hands. The stock had previously closed at $165.77.

Analysts Set New Price Targets

A number of equities analysts have commented on SE shares. Benchmark lifted their price target on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Barclays upped their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Finally, Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $147.15.

SEA Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a 50-day moving average price of $139.92 and a 200 day moving average price of $127.24. The firm has a market cap of $97.62 billion, a price-to-earnings ratio of 1,104.73 and a beta of 1.64.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the prior year, the firm posted ($0.04) EPS. SEA's revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, equities research analysts forecast that Sea Limited will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SE. Smithfield Trust Co purchased a new position in SEA in the 1st quarter valued at about $25,000. Sava Infond d.o.o. acquired a new stake in shares of SEA in the first quarter valued at approximately $26,000. Tradewinds Capital Management LLC increased its stake 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 valued at $26,000 after acquiring an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of SEA during the first quarter valued at approximately $28,000. Finally, Fifth Third Bancorp boosted its holdings in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after buying an additional 195 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

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.