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

Sea Limited (NYSE:SE) was the recipient of some unusual options trading on Thursday. Traders bought 21,066 call options on the stock. This is an increase of 94% compared to the typical volume of 10,864 call options.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. lifted its position in shares of SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC lifted its holdings in SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after buying an additional 4,761,289 shares in the last quarter. Norges Bank purchased a new position in SEA in the 4th quarter valued at approximately $1,493,682,000. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the third quarter worth $587,544,000. Finally, Geode Capital Management LLC grew its position in shares of SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore’s stock worth $335,084,000 after buying an additional 142,080 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Down 0.1 %

SE stock traded down $0.12 during mid-day trading on Thursday, hitting $130.54. 1,283,650 shares of the company were exchanged, compared to its average volume of 3,365,064. The business has a fifty day simple moving average of $114.76 and a 200-day simple moving average of $98.81. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. SEA has a 12-month low of $41.76 and a 12-month high of $132.88. The firm has a market capitalization of $74.71 billion, a P/E ratio of 868.93 and a beta of 1.55.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm posted ($0.26) earnings per share. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities research analysts predict that SEA will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark lifted their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Barclays boosted their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Phillip Securities reiterated a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

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.