Investors Purchase Large Volume of Call Options on SEA (NYSE:SE)

Sea Limited (NYSE:SE) was the recipient of unusually large options trading on Monday. Investors acquired 29,719 call options on the stock. This represents an increase of 42% compared to the average volume of 20,909 call options.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SE shares. Citigroup dropped their target price on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Loop Capital lifted their price target on SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $78.00 price target (down previously from $84.00) on shares of SEA in a research report on Tuesday, June 25th. Bank of America lifted their price target on SEA from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $60.00 price target on shares of SEA in a research report on Wednesday, May 15th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $74.53.

SEA Stock Performance

Shares of SE stock traded up $0.20 on Monday, hitting $65.54. The company had a trading volume of 2,433,360 shares, compared to its average volume of 5,924,752. The firm has a market cap of $37.51 billion, a P/E ratio of 1,306.80 and a beta of 1.51. The company has a 50-day moving average price of $71.69 and a 200-day moving average price of $59.06. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. SEA has a twelve month low of $34.35 and a twelve month high of $76.60.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. As a group, equities research analysts predict that SEA will post 0.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Several institutional investors and hedge funds have recently modified their holdings of SE. Blue Trust Inc. increased its stake in shares of SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 509 shares in the last quarter. Cigna Investments Inc. New increased its stake in SEA by 6.0% during the 4th quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock worth $288,000 after buying an additional 401 shares in the last quarter. UMB Bank n.a. increased its stake in SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares in the last quarter. KG&L Capital Management LLC purchased a new stake in SEA during the 4th quarter worth approximately $550,000. Finally, Asset Management One Co. Ltd. increased its stake in SEA by 4.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 144,263 shares of the Internet company based in Singapore’s stock worth $5,822,000 after buying an additional 5,701 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

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.