SEA (NYSE:SE) Shares Gap Up - Still a Buy?

Sea Limited (NYSE:SE - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $106.42, but opened at $109.55. SEA shares last traded at $108.36, with a volume of 328,512 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SE shares. Benchmark increased 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. Wedbush reaffirmed an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Barclays raised their price target on shares of 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 reiterated 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $91.21.

SEA Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm's 50-day moving average price is $108.91 and its two-hundred day moving average price is $90.52. The stock has a market cap of $62.44 billion, a price-to-earnings ratio of 727.33 and a beta of 1.54.

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 the consensus estimate of $0.59 by ($0.35). The firm had revenue of $4.33 billion during 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 business's quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the company earned ($0.26) EPS. On average, analysts expect that Sea Limited will post 0.81 EPS for the current fiscal year.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rosenberg Matthew Hamilton boosted its position in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after buying an additional 203 shares during the period. Truvestments Capital LLC acquired a new position in SEA during the 3rd quarter worth about $41,000. Icon Wealth Advisors LLC purchased a new position in SEA during the 3rd quarter valued at about $47,000. TD Private Client Wealth LLC grew its position in SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after acquiring an additional 152 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock worth $57,000 after purchasing an additional 150 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

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.