SEA Target of Unusually Large Options Trading (NYSE:SE)

Sea Limited (NYSE:SE) was the target of unusually large options trading activity on Monday. Investors bought 44,335 call options on the stock. This is an increase of approximately 222% compared to the typical daily volume of 13,783 call options.

SEA Stock Up 0.3%

Shares of SE stock traded up $0.54 during mid-day trading on Monday, hitting $162.05. The company’s stock had a trading volume of 2,665,721 shares, compared to its average volume of 4,467,265. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. SEA has a 52-week low of $55.00 and a 52-week high of $165.31. The stock has a market cap of $95.47 billion, a price-to-earnings ratio of 1,080.33 and a beta of 1.70. The business has a 50-day moving average price of $129.33 and a 200 day moving average price of $120.85.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. Research analysts predict that SEA will post 0.74 EPS for the current fiscal year.

Institutional Trading of SEA

A number of institutional investors and hedge funds have recently made changes to their positions in SE. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock valued at $3,753,769,000 after buying an additional 27,448,779 shares during the period. Norges Bank purchased a new position in SEA in the fourth quarter valued at about $1,493,682,000. WCM Investment Management LLC boosted its holdings in SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of SEA in the 1st quarter worth approximately $336,521,000. Finally, Perpetual Ltd boosted its position in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after buying an additional 2,031,038 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SE. Benchmark increased their price objective on shares of SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. UBS Group raised their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Loop Capital increased their price target on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 31st. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Wedbush reiterated an “outperform” rating on shares of SEA in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.23.

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.