Sea Limited (NYSE:SE – Get Free Report)’s share price rose 1.5% during mid-day trading on Wednesday . The company traded as high as $57.90 and last traded at $57.86. Approximately 566,915 shares were traded during trading, a decline of 91% from the average daily volume of 6,510,698 shares. The stock had previously closed at $57.02.
Wall Street Analyst Weigh In
SE has been the topic of a number of recent research reports. Wedbush upped their price target on shares of SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Sanford C. Bernstein upped their price target on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. HSBC increased their target price on shares of SEA from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Daiwa Capital Markets raised shares of SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and increased their target price for the company from $44.00 to $50.00 in a research note on Thursday, February 1st. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.29.
SEA Stock Up 0.1 %
The company has a market cap of $32.23 billion, a PE ratio of 237.96 and a beta of 1.50. The company’s 50 day moving average is $50.59 and its 200 day moving average is $43.79. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.
SEA (NYSE:SE – Get Free Report) last issued its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, analysts predict that Sea Limited will post 1.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after acquiring an additional 336 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of SEA by 7.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 9,889 shares of the Internet company based in Singapore’s stock valued at $531,000 after buying an additional 690 shares in the last quarter. Syon Capital LLC bought a new stake in shares of SEA in the 4th quarter valued at about $357,000. Virtu Financial LLC bought a new stake in shares of SEA in the 4th quarter valued at about $1,440,000. Finally, Vancity Investment Management Ltd boosted its holdings in shares of SEA by 3.7% in the 4th quarter. Vancity Investment Management Ltd now owns 74,296 shares of the Internet company based in Singapore’s stock valued at $3,009,000 after buying an additional 2,640 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.
About SEA
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 eSports operations.