SEA Target of Unusually High Options Trading (NYSE:SE)

Sea Limited (NYSE:SE) saw unusually large options trading on Thursday. Traders purchased 21,066 call options on the stock. This represents an increase of 94% compared to the average volume of 10,864 call options.

Institutional Investors Weigh In On SEA

Hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. grew its position in SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after acquiring an additional 4,761,289 shares in the last quarter. Norges Bank bought a new position in shares of SEA in the fourth quarter valued at approximately $1,493,682,000. Kaizen Investment Management Pte. Ltd. acquired a new position in shares of SEA during the third quarter valued at approximately $587,544,000. Finally, Geode Capital Management LLC raised its holdings in SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after purchasing an additional 142,080 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

SE stock opened at $132.93 on Friday. SEA has a 1 year low of $41.76 and a 1 year high of $133.13. The stock has a market capitalization of $76.08 billion, a price-to-earnings ratio of 886.18 and a beta of 1.55. 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 stock’s fifty day moving average is $115.07 and its two-hundred day moving average is $99.05.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the business earned ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, research analysts predict that SEA will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SE shares. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush restated an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Barclays upped their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Company Profile

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.