SEA (NYSE:SE) Sets New 52-Week High - Still a Buy?

Sea Limited (NYSE:SE - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $126.35 and last traded at $124.30, with a volume of 697467 shares trading hands. The stock had previously closed at $122.66.

Analysts Set New Price Targets

Several equities research analysts have commented on SE shares. Wedbush restated an "outperform" rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Barclays boosted their target price on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Phillip Securities reaffirmed a "reduce" rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.21.

SEA Trading Up 2.9 %

The business has a 50 day moving average of $114.21 and a two-hundred day moving average of $98.13. 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 firm has a market cap of $73.77 billion, a P/E ratio of 859.23 and a beta of 1.55.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) EPS. Analysts predict that Sea Limited will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SE. Baillie Gifford & Co. grew its holdings in shares of SEA by 3.5% during the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after purchasing an additional 4,761,289 shares in the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA during the 3rd quarter worth $587,544,000. Geode Capital Management LLC grew its holdings in shares of SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore's stock worth $283,543,000 after purchasing an additional 124,433 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of SEA by 32.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore's stock worth $236,928,000 after purchasing an additional 547,509 shares in the last quarter. 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.