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.
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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended carsales.com 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.
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