SEA Sees Unusually High Options Volume (NYSE:SE)

Sea Limited (NYSE:SE) saw unusually large options trading activity on Thursday. Traders purchased 32,258 put options on the stock. This represents an increase of 62% compared to the average volume of 19,865 put options.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. SOA Wealth Advisors LLC. bought a new position in shares of SEA in the 2nd quarter worth $32,000. GAMMA Investing LLC boosted its holdings in SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after buying an additional 336 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares during the period. UMB Bank n.a. increased its stake in shares of SEA by 50.8% in the 1st quarter. UMB Bank n.a. now owns 1,188 shares of the Internet company based in Singapore’s stock valued at $64,000 after acquiring an additional 400 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of SEA by 78.8% in the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock valued at $64,000 after acquiring an additional 528 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SE. Dbs Bank reiterated a “hold” rating and issued a $75.00 price objective on shares of SEA in a research report on Friday, June 28th. Barclays lifted their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Wedbush restated an “outperform” rating and issued a $84.00 price objective (up previously from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Bank of America lifted their price objective on SEA from $77.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Citigroup dropped their target price on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $80.00.

SEA Price Performance

Shares of SE stock opened at $81.18 on Friday. The stock’s fifty day moving average is $72.82 and its 200-day moving average is $66.71. The stock has a market capitalization of $46.46 billion, a PE ratio of 1,623.60 and a beta of 1.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. SEA has a 52 week low of $34.35 and a 52 week high of $83.69.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. Equities research analysts expect that SEA will post 0.64 EPS for the current fiscal year.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.