Sea Ltd (NYSE:SE)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $47.77 and last traded at $47.77, with a volume of 678271 shares changing hands. The stock had previously closed at $46.93.
SE has been the subject of several recent analyst reports. Piper Jaffray Companies increased their target price on SEA from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Zacks Investment Research downgraded SEA from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Goldman Sachs Group upgraded SEA from a “buy” rating to a “conviction-buy” rating and increased their target price for the company from $42.50 to $50.00 in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. SEA has an average rating of “Buy” and an average target price of $42.57.
The firm has a 50 day moving average of $42.94 and a two-hundred day moving average of $35.69. The stock has a market cap of $15.68 billion, a P/E ratio of -13.62 and a beta of 1.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.61 and a current ratio of 1.62.
SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported ($0.41) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $0.23. SEA had a negative return on equity of 104.70% and a negative net margin of 86.49%. The company had revenue of $763.30 million during the quarter, compared to the consensus estimate of $700.71 million. During the same quarter last year, the company earned ($2.03) EPS. The company’s quarterly revenue was up 214.4% on a year-over-year basis. On average, sell-side analysts anticipate that Sea Ltd will post -3.27 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in SE. CWM LLC acquired a new stake in SEA during the 4th quarter valued at $28,000. FinTrust Capital Advisors LLC acquired a new stake in SEA during the 3rd quarter valued at $31,000. Pacer Advisors Inc. acquired a new stake in SEA during the 3rd quarter valued at $33,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in SEA during the 4th quarter valued at $207,000. Finally, LA Financiere DE L Echiquier acquired a new stake in SEA during the 4th quarter valued at $214,000. Institutional investors own 62.03% of the company’s stock.
SEA Company Profile (NYSE:SE)
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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