SEA (NYSE:SE) Sets New 12-Month High - Here's Why

Sea Limited (NYSE:SE - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $130.65 and last traded at $130.58, with a volume of 2884250 shares changing hands. The stock had previously closed at $129.71.

Analyst Upgrades and Downgrades

SE has been the subject of several recent research reports. Barclays increased their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Phillip Securities restated a "reduce" rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Finally, Wedbush reaffirmed an "outperform" rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $91.21.

SEA Trading Up 1.2 %

The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $115.44 and a two-hundred day moving average of $100.01. The firm has a market cap of $77.10 billion, a P/E ratio of 898.11 and a beta of 1.55.

Institutional Trading of SEA

Hedge funds have recently modified their holdings of the stock. Private Trust Co. NA raised its holdings in 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 acquiring an additional 204 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after acquiring an additional 203 shares during the period. Kestra Investment Management LLC acquired a new position in shares of SEA in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC raised its stake in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in SEA in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds 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.