SEA Sees Unusually High Options Volume (NYSE:SE)

Sea Limited (NYSE:SE) was the recipient of some unusual options trading activity on Monday. Investors bought 44,335 call options on the stock. This represents an increase of 222% compared to the typical daily volume of 13,783 call options.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SE shares. Jefferies Financial Group raised their price objective on shares of SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Wedbush restated an “outperform” rating on shares of SEA in a research report on Wednesday, May 14th. Finally, Loop Capital raised their price objective on shares of SEA from $135.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 31st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.23.

Institutional Trading of SEA

Several institutional investors have recently modified their holdings of SE. Intech Investment Management LLC boosted its holdings in SEA by 60.5% in the 1st quarter. Intech Investment Management LLC now owns 19,669 shares of the Internet company based in Singapore’s stock valued at $2,567,000 after purchasing an additional 7,413 shares during the last quarter. Plato Investment Management Ltd lifted its holdings in SEA by 30.4% during the 1st quarter. Plato Investment Management Ltd now owns 9,192 shares of the Internet company based in Singapore’s stock worth $1,212,000 after buying an additional 2,141 shares in the last quarter. Woodline Partners LP acquired a new stake in SEA during the 1st quarter worth approximately $4,028,000. Zurich Insurance Group Ltd FI lifted its holdings in SEA by 4.7% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 176,803 shares of the Internet company based in Singapore’s stock worth $23,071,000 after buying an additional 7,870 shares in the last quarter. Finally, Vancity Investment Management Ltd acquired a new stake in SEA during the 1st quarter worth approximately $8,589,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

SE stock opened at $162.44 on Wednesday. The stock has a market cap of $95.70 billion, a PE ratio of 1,082.93 and a beta of 1.70. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. SEA has a 12 month low of $55.00 and a 12 month high of $165.31. The company has a 50-day moving average price of $130.74 and a 200 day moving average price of $121.60.

SEA (NYSE:SE) last posted its quarterly 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). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 29.6% on a year-over-year basis. Equities research analysts anticipate that SEA will post 0.74 earnings per share for the current 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.