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

Sea Limited (NYSE:SE) was the target of unusually large options trading activity on Tuesday. Traders bought 34,632 call options on the company. This is an increase of 101% compared to the typical daily volume of 17,200 call options.

Institutional Investors Weigh In On SEA

Large investors have recently made changes to their positions in the company. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the third quarter valued at $587,544,000. WCM Investment Management LLC grew its stake in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares during the period. Eminence Capital LP lifted its position in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after buying an additional 1,408,314 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in SEA during the second quarter valued at $99,989,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE opened at $104.88 on Thursday. SEA has a 12-month low of $34.35 and a 12-month high of $117.52. The stock has a market capitalization of $60.03 billion, a P/E ratio of 699.20 and a beta of 1.52. The firm’s 50 day moving average is $92.92 and its 200-day moving average is $78.88. 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 (NYSE:SE) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.47% and a net margin of 0.64%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. The business’s revenue was up 30.8% compared to the same quarter last year. Equities research analysts anticipate that SEA will post 0.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on SE shares. Bank of America boosted their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Benchmark increased their price target on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Wedbush reaffirmed an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, Citigroup reduced their target price on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.69.

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.