SEA (NYSE:SE) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Sea Limited (NYSE:SE – Get Free Report)’s share price gapped up before the market opened 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 firms have recently commented on SE. Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush reissued an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average target price of $91.21.

Check Out Our Latest Stock Analysis on SEA

SEA Trading Down 0.9 %

The stock has a 50-day simple moving average of $109.21 and a two-hundred day simple moving average of $90.65. 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 has a market cap of $62.04 billion, a PE ratio of 722.60 and a beta of 1.54.

SEA (NYSE:SE – Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned ($0.26) EPS. As a group, sell-side analysts anticipate that Sea Limited will post 0.81 EPS for the current year.

Institutional Investors Weigh In On SEA

Several hedge funds and other institutional investors have recently made changes to their positions in SE. Baillie Gifford & Co. grew its stake in shares of SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares during the period. WCM Investment Management LLC boosted its position in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA in the third quarter worth $587,544,000. Eminence Capital LP raised its position in shares of SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after purchasing an additional 1,408,314 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Company Profile

(Get Free Report)

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.

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