SEA (NYSE:SE) Reaches New 12-Month High After Analyst Upgrade

Sea Limited (NYSE:SE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday after UBS Group raised their price target on the stock from $135.00 to $176.00. UBS Group currently has a buy rating on the stock. SEA traded as high as $139.88 and last traded at $140.17, with a volume of 1684188 shares traded. The stock had previously closed at $132.31.

Several other equities analysts have also weighed in on SE. Barclays lifted their price objective on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday. Benchmark lifted their price objective on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Jefferies Financial Group lifted their price objective on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.67.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently made changes to their positions in SE. Norges Bank acquired a new position in shares of SEA in the 4th quarter valued at approximately $1,493,682,000. WCM Investment Management LLC raised its position in shares of SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. Perpetual Ltd raised its position in shares of SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd raised its position in shares of SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock valued at $188,218,000 after purchasing an additional 1,543,743 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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SEA Stock Performance

The stock has a 50-day simple moving average of $121.27 and a 200-day simple moving average of $106.36. The company has a market capitalization of $77.80 billion, a price-to-earnings ratio of 906.18 and a beta of 1.62. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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.