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

Sea Limited (NYSE:SE - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $120.77 and last traded at $119.84, with a volume of 2469894 shares changing hands. The stock had previously closed at $114.23.

Analysts Set New Price Targets

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

SEA Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a market cap of $69.94 billion, a P/E ratio of 814.72 and a beta of 1.54. The stock's 50-day simple moving average is $113.16 and its two-hundred day simple moving average is $95.57.

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

Institutional Trading of SEA

A number of large investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton lifted its stake in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after acquiring an additional 203 shares during the period. Kestra Investment Management LLC purchased a new stake in SEA in the fourth quarter worth about $34,000. Truvestments Capital LLC purchased a new stake in SEA in the third quarter worth about $41,000. Icon Wealth Advisors LLC purchased a new stake in SEA in the third quarter worth about $47,000. Finally, Geneos Wealth Management Inc. lifted its stake in SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock worth $56,000 after acquiring an additional 513 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.