SEA (NYSE:SE) Hits New 1-Year High at $84.60

Sea Limited (NYSE:SE)’s share price hit a new 52-week high on Thursday . The stock traded as high as $84.60 and last traded at $84.60, with a volume of 43397 shares. The stock had previously closed at $82.40.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup cut their target price on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. TD Cowen lifted their price objective on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Wedbush reaffirmed an “outperform” rating and set a $84.00 target price (up previously from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Benchmark increased their target price on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

SEA Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The company has a market cap of $49.06 billion, a PE ratio of 1,714.20 and a beta of 1.51. The business’s 50-day moving average is $73.90 and its 200 day moving average is $68.11.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the company earned $0.54 EPS. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities research analysts predict that Sea Limited will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its holdings in shares of SEA by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after buying an additional 148,980 shares during the period. Kora Management LP increased its holdings in SEA by 9.4% in the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after acquiring an additional 400,000 shares in the last quarter. Eminence Capital LP increased its holdings in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in SEA by 11.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock valued at $167,341,000 after purchasing an additional 420,802 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. raised its position in shares of SEA by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock valued at $201,113,000 after purchasing an additional 68,900 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.