SEA Target of Unusually High Options Trading (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 stock. This represents an increase of 101% compared to the typical daily volume of 17,200 call options.

SEA Stock Down 2.6 %

SE stock opened at $104.88 on Thursday. The stock has a market capitalization of $60.03 billion, a PE ratio of 699.20 and a beta of 1.52. SEA has a one year low of $34.35 and a one year high of $117.52. The company has a fifty day moving average of $92.92 and a 200-day moving average of $78.88. 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 (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.47% and a net margin of 0.64%. The company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) EPS. As a group, analysts expect that SEA will post 0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SE. Citigroup dropped 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. Barclays raised their price target on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Benchmark upped their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.69.

Institutional Investors Weigh In On SEA

A number of large investors have recently added to or reduced their stakes in the business. Vinva Investment Management Ltd lifted its position in SEA by 43.5% during the third quarter. Vinva Investment Management Ltd now owns 68,524 shares of the Internet company based in Singapore’s stock worth $6,462,000 after buying an additional 20,773 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of SEA by 24.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 191,807 shares of the Internet company based in Singapore’s stock worth $18,084,000 after purchasing an additional 38,100 shares during the period. Beaconlight Capital LLC acquired a new position in SEA during the third quarter valued at approximately $2,251,000. BNP Paribas lifted its stake in shares of SEA by 103.8% during the third quarter. BNP Paribas now owns 17,332 shares of the Internet company based in Singapore’s stock worth $1,634,000 after purchasing an additional 8,829 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of SEA by 590.1% in the third quarter. Glenmede Trust Co. NA now owns 23,319 shares of the Internet company based in Singapore’s stock worth $2,199,000 after buying an additional 19,940 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Company Profile

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.