SEA (NYSE:SE) Hits New 1-Year High - Here's What Happened

Sea Limited (NYSE:SE - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $139.18 and last traded at $139.06, with a volume of 7626243 shares trading hands. The stock had previously closed at $134.95.

Analysts Set New Price Targets

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

SEA Trading Down 3.1 %

The firm has a fifty day moving average price of $117.09 and a 200-day moving average price of $101.52. The company has a market capitalization of $73.66 billion, a P/E ratio of 858.00 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Hedge Funds Weigh In On SEA

A number of large investors have recently made changes to their positions in the stock. Raymond James & Associates raised its position in SEA by 23.5% during the third quarter. Raymond James & Associates now owns 135,821 shares of the Internet company based in Singapore's stock valued at $12,805,000 after purchasing an additional 25,827 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in SEA by 6.2% during the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore's stock valued at $290,000 after purchasing an additional 180 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of SEA during the third quarter valued at about $3,164,000. CENTRAL TRUST Co bought a new position in shares of SEA during the third quarter valued at about $510,000. Finally, IFM Investors Pty Ltd grew its stake in shares of SEA by 0.5% during the third quarter. IFM Investors Pty Ltd now owns 71,778 shares of the Internet company based in Singapore's stock valued at $6,767,000 after buying an additional 336 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

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.