SEA Sees Unusually High Options Volume (NYSE:SE)

Sea Limited (NYSE:SE) was the target of unusually large options trading on Monday. Stock investors acquired 44,335 call options on the company. This represents an increase of approximately 222% compared to the typical daily volume of 13,783 call options.

SEA Stock Performance

Shares of NYSE:SE traded up $0.54 during midday trading on Monday, hitting $162.05. The company’s stock had a trading volume of 2,665,721 shares, compared to its average volume of 4,467,265. SEA has a fifty-two week low of $55.00 and a fifty-two week high of $165.31. The stock’s 50 day simple moving average is $129.33 and its 200 day simple moving average is $120.85. 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 has a market capitalization of $95.47 billion, a price-to-earnings ratio of 1,080.33 and a beta of 1.70.

SEA (NYSE:SE) last announced its quarterly earnings data 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 analyst estimates of $4.90 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. As a group, research analysts anticipate that SEA will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SE. Smithfield Trust Co purchased a new stake in shares of SEA in the first quarter valued at approximately $25,000. Private Trust Co. NA boosted its position in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the last quarter. Sava Infond d.o.o. acquired a new stake in shares of SEA in the first quarter valued at approximately $26,000. Tradewinds Capital Management LLC boosted its holdings in SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Finally, Inlight Wealth Management LLC bought a new position in shares of SEA during the 1st quarter valued at $28,000. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SE. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Arete Research raised shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Loop Capital boosted their target price on shares of SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, March 31st. UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus price target of $145.23.

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.