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

Sea Limited (NYSE:SE) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 34,632 call options on the stock. This represents an increase of 101% compared to the average daily volume of 17,200 call options.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SE shares. Wedbush reissued an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Bank of America increased their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Citigroup reduced their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Benchmark increased their price objective on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Barclays raised their price target on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $82.54.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SE. Sei Investments Co. increased its position in shares of SEA by 6.6% in the 1st quarter. Sei Investments Co. now owns 765,623 shares of the Internet company based in Singapore’s stock valued at $41,122,000 after acquiring an additional 47,150 shares during the period. QRG Capital Management Inc. grew its stake in shares of 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 acquiring an additional 15,547 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of SEA during the 1st quarter worth $226,000. State Board of Administration of Florida Retirement System lifted its position in SEA by 11.0% in 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 acquiring an additional 2,150 shares during the last quarter. Finally, Fortis Capital Advisors LLC purchased a new stake in SEA in the first quarter valued at $527,000. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE traded up $10.21 during trading hours on Tuesday, hitting $107.67. The stock had a trading volume of 14,155,755 shares, compared to its average volume of 5,409,985. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. SEA has a 12 month low of $34.35 and a 12 month high of $117.52. The firm has a market capitalization of $61.62 billion, a PE ratio of -329.17 and a beta of 1.52. The stock has a fifty day moving average price of $91.78 and a 200 day moving average price of $78.38.

SEA (NYSE:SE) last issued its quarterly earnings data 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 company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. Analysts anticipate that SEA will post 0.77 EPS for the current year.

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.