Stock Traders Buy High Volume of Call Options on SEA (NYSE:SE)

Sea Limited (NYSE:SE) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 34,632 call options on the company. This is an increase of approximately 101% compared to the average daily volume of 17,200 call options.

SEA Stock Up 10.5 %

Shares of SE stock opened at $107.67 on Wednesday. The stock has a market cap of $61.62 billion, a P/E ratio of -307.63 and a beta of 1.52. The company’s fifty day simple moving average is $92.39 and its two-hundred day simple moving average is $78.69. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. SEA has a 52 week low of $34.35 and a 52 week high of $117.52.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share 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 analysts’ expectations of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Analysts predict that SEA will post 0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SE. Sei Investments Co. grew its stake in shares of SEA by 6.6% during the first quarter. Sei Investments Co. now owns 765,623 shares of the Internet company based in Singapore’s stock valued at $41,122,000 after buying an additional 47,150 shares during the last quarter. QRG Capital Management Inc. increased its stake in SEA by 63.9% in the first quarter. QRG Capital Management Inc. now owns 39,859 shares of the Internet company based in Singapore’s stock worth $2,141,000 after purchasing an additional 15,547 shares during the period. Avantax Advisory Services Inc. bought a new stake in shares of SEA during the first quarter worth $226,000. State Board of Administration of Florida Retirement System boosted its stake in shares of SEA by 11.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore’s stock valued at $1,161,000 after purchasing an additional 2,150 shares during the period. Finally, Fortis Capital Advisors LLC bought a new position in shares of SEA in the first quarter worth about $527,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SE has been the subject of several recent research reports. Benchmark boosted their price target on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Citigroup cut their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. TD Cowen raised their target price on shares of SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Barclays increased their price objective 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. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target of $82.54.

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.