Should you be selling your SEEK Limited (ASX:SEK) shares?

Online employment classifieds platform SEEK Limited’s (ASX: SEK) share price is not far off its all-time high, leaving many investors questioning whether they should be taking some profit.

The Seek share price has risen 29% from $16.69 this time last year to reach its $21.56 share price at the time of writing – hitting an all-time high of $22.63 on June 21.

Seek has maintained its strong market position this year, delivering EBITDA growth of 26% for the first half of FY18 with NPAT guidance at between $225 million and $230 million for FY18.

Citi has a sell rating on Seek shares right now, but many are holding the stock indefinitely given its long-term growth potential.

Digital advertising peer REA Group Limited (ASX: REA) shares also continue its incline, up 42% from its share price of $63.74 this time last year to $90.92 at the time of writing.

Shares in automotive-focused online seller Carsales.Com. Ltd (ASX: CAR) also hit a 52-week high on June 21 at $15.54.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Limited, REA Group Limited, and SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.