Traders Purchase Large Volume of SEA Call Options (NYSE:SE)

Sea Limited Sponsored ADR (NYSE:SE) saw unusually large options trading on Monday. Traders bought 29,084 call options on the company. This is an increase of 94% compared to the typical daily volume of 15,011 call options.

SEA Trading Up 3.5%

Shares of SE stock traded up $5.31 during trading hours on Monday, reaching $155.25. 4,686,034 shares of the stock were exchanged, compared to its average volume of 4,445,974. The firm has a market capitalization of $91.46 billion, a price-to-earnings ratio of 80.45 and a beta of 1.55. SEA has a 12-month low of $92.71 and a 12-month high of $199.30. The company’s 50-day moving average price is $176.98 and its 200-day moving average price is $164.88. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The business had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. As a group, equities analysts anticipate that SEA will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of SEA during the 1st quarter valued at approximately $336,521,000. Fred Alger Management LLC grew its stake in SEA by 144.6% in the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock valued at $337,340,000 after acquiring an additional 1,528,301 shares during the period. Scge Management L.P. increased its holdings in SEA by 137.6% in the 1st quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore’s stock worth $281,858,000 after acquiring an additional 1,251,000 shares in the last quarter. Finally, Nuveen LLC acquired a new position in SEA during the first quarter worth $162,796,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SE shares. Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Benchmark raised their price objective on SEA from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. increased their price target on SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Arete Research downgraded SEA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Macquarie restated an “outperform” rating and issued a $219.90 price target (up previously from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $183.66.

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.