SEA (NYSE:SE) Hits New 1-Year High at $93.00

Sea Limited (NYSE:SE - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $93.00 and last traded at $92.65, with a volume of 134503 shares trading hands. The stock had previously closed at $92.85.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SE. Barclays raised their price objective on shares of SEA from $87.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, August 15th. Dbs Bank restated a "hold" rating and set a $75.00 price objective on shares of SEA in a research note on Friday, June 28th. TD Cowen raised their price objective on shares of SEA from $64.00 to $69.00 and gave the company a "hold" rating in a research note on Wednesday, August 14th. Benchmark lifted their price target on shares of SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $84.00 price target (up from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, SEA has an average rating of "Moderate Buy" and an average target price of $80.92.

SEA Price Performance

The firm's 50-day moving average is $74.71 and its 200-day moving average is $68.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The company has a market capitalization of $53.74 billion, a P/E ratio of 1,858.40 and a beta of 1.51.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The business's quarterly revenue was up 23.0% compared to the same quarter last year. Analysts predict that Sea Limited will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Several large investors have recently added to or reduced their stakes in the company. Syon Capital LLC purchased a new position in shares of SEA in the fourth quarter worth $357,000. Hexagon Capital Partners LLC lifted its holdings in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock worth $47,000 after buying an additional 253 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of SEA by 3.2% in the first quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore's stock worth $82,955,000 after buying an additional 48,273 shares in the last quarter. Swedbank AB purchased a new position in shares of SEA in the first quarter worth $4,404,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of SEA by 18.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore's stock worth $10,862,000 after buying an additional 31,470 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.