SEA (NYSE:SE) Shares Gap Up – Here’s Why

Sea Limited (NYSE:SE) shares gapped up prior to trading on Tuesday . The stock had previously closed at $123.49, but opened at $130.49. SEA shares last traded at $130.92, with a volume of 2,287,857 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SE. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Barclays upped their target price on shares of SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.43.

SEA Trading Up 8.4 %

The company’s fifty day simple moving average is $119.00 and its two-hundred day simple moving average is $104.91. The company has a market capitalization of $76.62 billion, a price-to-earnings ratio of 890.34 and a beta of 1.55. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, March 4th. The Internet company based in Singapore reported $0.39 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.37). SEA had a return on equity of 1.40% and a net margin of 0.64%. Research analysts forecast that Sea Limited will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in SEA in the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC lifted its stake in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. Banque Transatlantique SA acquired a new position in SEA during the 4th quarter worth approximately $39,000. Finally, Truvestments Capital LLC bought a new position in shares of SEA during the 3rd quarter worth approximately $41,000. 59.53% of the stock is owned by institutional investors and hedge funds.

About SEA

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.