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

Sea Limited (NYSE:SE) saw unusually large options trading on Monday. Investors purchased 33,541 call options on the company. This is an increase of 188% compared to the average volume of 11,650 call options.

SEA Stock Down 2.2 %

Shares of NYSE:SE traded down $2.85 during midday trading on Monday, hitting $124.42. 3,699,617 shares of the stock were exchanged, compared to its average volume of 3,753,479. The company has a market capitalization of $71.21 billion, a PE ratio of 827.48 and a beta of 1.55. SEA has a 52-week low of $49.76 and a 52-week high of $139.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The business’s fifty day simple moving average is $118.72 and its two-hundred day simple moving average is $104.60.

Institutional Investors Weigh In On SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA raised its position in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of SEA during the 4th quarter worth $34,000. Farther Finance Advisors LLC raised its holdings in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of SEA in the 4th quarter valued at $39,000. Finally, Truvestments Capital LLC bought a new stake in SEA in the third quarter worth $41,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark raised their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. TD Cowen lifted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report 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. Finally, Barclays lifted their price objective on shares of SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

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.