SEA (NYSE:SE) Sets New 1-Year High at $35.97

Sea Ltd (NYSE:SE) reached a new 52-week high during trading on Tuesday . The stock traded as high as $35.97 and last traded at $35.76, with a volume of 17975 shares changing hands. The stock had previously closed at $35.36.

SE has been the subject of several recent analyst reports. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Piper Jaffray Companies dropped their price target on Pure Storage from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 22nd. Credit Suisse Group set a $43.00 price target on SEA and gave the company a “buy” rating in a research note on Thursday, July 4th. Stifel Nicolaus set a $154.00 price target on argenx and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. initiated coverage on SEA in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $36.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. SEA presently has an average rating of “Buy” and a consensus price target of $37.00.

The business’s 50 day simple moving average is $31.87. The company has a current ratio of 2.26, a quick ratio of 2.25 and a debt-to-equity ratio of 0.47. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of -12.16 and a beta of 1.32.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, May 21st. The Internet company based in Singapore reported ($0.68) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.23. SEA had a negative return on equity of 272.42% and a negative net margin of 140.24%. The business had revenue of $578.82 million for the quarter, compared to analysts’ expectations of $425.65 million. Equities research analysts expect that Sea Ltd will post -3.44 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of SEA during the fourth quarter worth about $16,980,000. TD Asset Management Inc. increased its holdings in SEA by 13.1% in the first quarter. TD Asset Management Inc. now owns 164,496 shares of the Internet company based in Singapore’s stock worth $3,869,000 after purchasing an additional 19,096 shares in the last quarter. Segantii Capital Management Ltd bought a new stake in SEA in the first quarter worth approximately $32,693,000. Royce & Associates LP bought a new stake in shares of SEA during the first quarter valued at approximately $2,540,000. Finally, Miura Global Management LLC bought a new stake in shares of SEA during the first quarter valued at approximately $17,640,000. Institutional investors and hedge funds own 58.45% of the company’s stock.


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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