SEA Sees Unusually High Options Volume (NYSE:SE)

Sea Limited (NYSE:SE - Get Free Report) saw some unusual options trading on Friday. Stock traders acquired 50,717 put options on the company. This is an increase of approximately 20% compared to the average volume of 42,158 put options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SE shares. Citigroup raised SEA from a "neutral" rating to a "buy" rating and lifted their price target for the company from $44.00 to $50.00 in a report on Thursday, February 1st. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $43.00 to $70.00 in a research note on Tuesday, March 5th. Wedbush lifted their price target on shares of SEA from $45.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 5th. Loop Capital upgraded shares of SEA from a "hold" rating to a "buy" rating and lifted their price target for the stock from $59.00 to $92.00 in a research report on Wednesday, April 24th. Finally, Bank of America upgraded shares of SEA from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $62.00 to $70.00 in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $71.21.

SEA Price Performance

Shares of SE traded down $1.08 during mid-day trading on Friday, hitting $64.91. 6,641,220 shares of the company traded hands, compared to its average volume of 6,494,854. SEA has a one year low of $34.35 and a one year high of $88.39. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $58.06 and a 200 day moving average of $46.42. The stock has a market capitalization of $36.66 billion, a price-to-earnings ratio of 275.04 and a beta of 1.43.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the business posted $0.72 earnings per share. SEA's revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that SEA will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its holdings in SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock worth $29,000 after purchasing an additional 320 shares during the period. UMB Bank n.a. raised its holdings in shares of SEA by 70.9% during the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock worth $32,000 after acquiring an additional 327 shares during the period. GAMMA Investing LLC raised its holdings in shares of SEA by 121.3% during the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore's stock worth $33,000 after acquiring an additional 336 shares during the period. Blue Trust Inc. raised its holdings in shares of SEA by 152.4% during the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore's stock worth $36,000 after acquiring an additional 509 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of SEA by 90.7% during the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore's stock worth $45,000 after acquiring an additional 485 shares during the period. 59.53% of the stock is owned by institutional investors.

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.

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