Sea (NYSE:SE) hit a new 52-week high and low during trading on Tuesday . The company traded as low as $17.18 and last traded at $17.03, with a volume of 94566 shares changing hands. The stock had previously closed at $15.80.
Separately, ValuEngine upgraded SEA from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. SEA presently has a consensus rating of “Buy” and an average price target of $18.00.
The stock has a market cap of $5.19 billion and a P/E ratio of -5.49. The company has a quick ratio of 2.17, a current ratio of 2.18 and a debt-to-equity ratio of 2.53.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Barings LLC purchased a new stake in shares of SEA in the fourth quarter valued at $1,975,000. Wells Fargo & Company MN purchased a new stake in shares of SEA in the fourth quarter valued at $13,630,000. BlackRock Inc. purchased a new stake in shares of SEA in the fourth quarter valued at $64,475,000. Employees Retirement System of Texas purchased a new stake in shares of SEA in the fourth quarter valued at $6,667,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of SEA in the fourth quarter valued at $123,426,000. Institutional investors own 23.61% of the company’s stock.
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. 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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