SEA (NYSE:SE) Hits New 52-Week High - Here's Why

Sea Limited (NYSE:SE - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as $165.90 and last traded at $164.59, with a volume of 1913600 shares traded. The stock had previously closed at $160.69.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SE. Benchmark increased their price target on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Jefferies Financial Group boosted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Barclays upped their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $145.23.

SEA Price Performance

The company has a 50-day moving average of $135.12 and a 200 day moving average of $124.27. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $97.11 billion, a PE ratio of 1,098.93 and a beta of 1.70.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). The business had revenue of $4.84 billion during 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%. The business's quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. Sell-side analysts predict that Sea Limited will post 0.74 EPS for the current year.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SE. Smithfield Trust Co purchased a new position in SEA during the first quarter worth about $25,000. Private Trust Co. NA raised its holdings in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 204 shares during the period. Sava Infond d.o.o. purchased a new position in SEA during the 1st quarter valued at about $26,000. Tradewinds Capital Management LLC grew its position in SEA by 100.0% in the 1st 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 in the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in SEA during the first quarter worth about $28,000. Hedge funds and other institutional investors 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.