SEA (NYSE:SE) Reaches New 12-Month High - Still a Buy?

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Benchmark boosted their target price on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Wedbush reiterated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Loop Capital boosted their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Finally, Jefferies Financial Group upped their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $145.23.

SEA Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a market cap of $97.49 billion, a P/E ratio of 1,103.20 and a beta of 1.70. The company's 50 day moving average price is $134.34 and its 200-day moving average price is $123.99.

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

Hedge Funds Weigh In On SEA

Several institutional investors have recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd grew its position in SEA by 2,082.7% during the first 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 buying an additional 27,448,779 shares during the period. Norges Bank bought a new position in SEA during the fourth quarter valued at about $1,493,682,000. WCM Investment Management LLC grew its position in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after buying an additional 4,761,289 shares during the period. Jennison Associates LLC bought a new position in SEA during the first quarter valued at about $336,521,000. Finally, Fred Alger Management LLC grew its position in SEA by 144.6% during the first 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 buying an additional 1,528,301 shares during the period. Institutional investors own 59.53% of the company's stock.

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.