SEA Sees Unusually High Options Volume (NYSE:SE)

Sea Limited (NYSE:SE) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 21,066 call options on the company. This is an increase of 94% compared to the average daily volume of 10,864 call options.

Analyst Ratings Changes

SE has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Benchmark boosted their target price on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Barclays boosted their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

SE stock opened at $134.72 on Friday. The firm has a market cap of $77.10 billion, a price-to-earnings ratio of 898.11 and a beta of 1.55. The firm has a 50-day simple moving average of $115.44 and a two-hundred day simple moving average of $99.53. SEA has a one year low of $43.10 and a one year high of $135.06. 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 (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) earnings per share. On average, equities analysts forecast that SEA will post 0.8 EPS for the current fiscal year.

Institutional Trading of SEA

Hedge funds have recently modified their holdings of the company. Private Trust Co. NA increased its holdings in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of SEA during the fourth quarter valued at about $34,000. Farther Finance Advisors LLC increased its holdings in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of SEA during the third quarter valued at about $41,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Company Profile

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.