Sea Ltd (NYSE:SE) was the target of unusually large options trading on Wednesday. Stock traders acquired 8,981 call options on the company. This represents an increase of 11,268% compared to the typical volume of 79 call options.

SE opened at $13.24 on Thursday. SEA has a 12-month low of $10.06 and a 12-month high of $17.19. The company has a current ratio of 2.54, a quick ratio of 2.52 and a debt-to-equity ratio of 4.95. The stock has a market cap of $4.06 billion and a P/E ratio of -4.87.

A number of institutional investors and hedge funds have recently bought and sold shares of SE. Wells Fargo & Company MN lifted its stake in SEA by 0.5% during the 1st quarter. Wells Fargo & Company MN now owns 1,027,538 shares of the pipeline company’s stock worth $11,580,000 after acquiring an additional 5,000 shares in the last quarter. First Mercantile Trust Co. acquired a new position in SEA during the 1st quarter worth about $123,000. Northern Trust Corp acquired a new position in SEA during the 1st quarter worth about $121,000. Federated Investors Inc. PA lifted its stake in SEA by 45.0% during the 1st quarter. Federated Investors Inc. PA now owns 87,000 shares of the pipeline company’s stock worth $980,000 after acquiring an additional 27,000 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in SEA during the 1st quarter worth about $554,000. 28.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. ValuEngine cut SEA from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research cut SEA from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.00.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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