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

Sea Limited (NYSE:SE) saw unusually large options trading on Monday. Stock investors bought 44,335 call options on the stock. This represents an increase of 222% compared to the average daily volume of 13,783 call options.

Hedge Funds Weigh In On SEA

Institutional investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co acquired a new stake in SEA during the 1st quarter worth approximately $25,000. Private Trust Co. NA raised its stake 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 during the last quarter. Sava Infond d.o.o. acquired a new position in shares of SEA during the first quarter worth $26,000. Tradewinds Capital Management LLC grew its stake in shares of SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Finally, Inlight Wealth Management LLC bought a new stake in shares of SEA in the first quarter worth $28,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SE. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Barclays upped their price target on shares of SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, May 15th. Loop Capital raised their price objective on shares of SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Arete Research raised SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $145.23.

SEA Trading Up 0.7%

Shares of SE stock opened at $162.61 on Tuesday. SEA has a fifty-two week low of $55.00 and a fifty-two week high of $165.31. The stock’s fifty day moving average price is $129.99 and its two-hundred day moving average price is $121.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a market cap of $95.80 billion, a PE ratio of 1,084.07 and a beta of 1.70.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. Equities analysts predict that SEA will post 0.74 EPS for the current fiscal year.

About SEA

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.