Sea Limited (NYSE:SE - Get Free Report)'s stock 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 changing hands. The stock had previously closed at $160.69.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on SE shares. UBS Group lifted their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a report on Friday, March 7th. Benchmark lifted their price target on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Loop Capital upped their price target on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday, March 31st. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Finally, Barclays upped their target price on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus target price of $145.23.
Read Our Latest Research Report on SE
SEA Trading Up 2.6%
The firm has a market cap of $99.17 billion, a price-to-earnings ratio of 1,118.05 and a beta of 1.70. 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 business has a 50-day moving average of $133.58 and a 200-day moving average of $123.70.
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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the firm earned ($0.04) EPS. The firm's revenue for the quarter was up 29.6% compared to the same quarter last year. Research analysts anticipate that Sea Limited will post 0.74 EPS for the current year.
Institutional Trading of SEA
Large investors have recently added to or reduced their stakes in the company. Ninety One UK Ltd raised its holdings in shares of SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after purchasing an additional 1,173,738 shares during the period. Charles Schwab Investment Management Inc. increased its position in SEA by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock worth $30,892,000 after buying an additional 19,411 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in SEA by 95.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,558 shares of the Internet company based in Singapore's stock valued at $1,332,000 after buying an additional 6,140 shares during the period. Mount Yale Investment Advisors LLC lifted its position in shares of SEA by 16.7% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 28,677 shares of the Internet company based in Singapore's stock valued at $3,043,000 after buying an additional 4,114 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of SEA by 55.2% in the fourth quarter. CENTRAL TRUST Co now owns 8,396 shares of the Internet company based in Singapore's stock valued at $891,000 after buying an additional 2,987 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.
About SEA
(
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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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