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

Key Points

• Traders purchased a significant volume of call options for Sea Limited (NYSE:SE), totaling 16,722 contracts, which is a 15% increase compared to the average volume.
• SEA’s stock price decreased by 0.7% on Monday, trading at $146.64, with a market capitalization of $86.39 billion and a PE ratio of 103.29.
• Equities research analysts have raised their price targets for SEA, with Barclays increasing its target from $182 to $200, indicating a strong bullish sentiment towards the stock.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) saw unusually large options trading activity on Monday. Stock traders bought 16,722 call options on the company. Thisrepresentsanincreaseofapproximately15% compared to the average volume of 14,522 call options.

SEA Stock Down 0.7%

Shares of SE stock traded down $0.97 on Monday, hitting $146.64. The stock had a trading volume of 2,752,703 shares, compared to its average volume of 4,529,597. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $156.64 and a 200 day moving average price of $140.92. The company has a market cap of $86.39 billion, a PE ratio of 103.29 and a beta of 1.58. SEA has a one year low of $65.15 and a one year high of $172.65.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Research analysts anticipate that SEA will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on SE shares. Barclays raised their target price on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Wedbush reiterated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Benchmark lifted their price objective on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus target price of $159.82.

Hedge Funds Weigh In On SEA

A number of large investors have recently added to or reduced their stakes in SE. Cambridge Investment Research Advisors Inc. boosted its position in SEA by 42.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after buying an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in SEA by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after buying an additional 279 shares during the last quarter. Brucke Financial Inc. purchased a new stake in SEA in the fourth quarter valued at approximately $211,000. Sowell Financial Services LLC purchased a new stake in SEA in the first quarter valued at approximately $216,000. Finally, Assenagon Asset Management S.A. boosted its position in SEA by 10.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after purchasing an additional 476 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Company Profile

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.

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