Stock Traders Buy High Volume of SEA Put Options (NYSE:SE)

Sea Limited (NYSE:SE) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 50,717 put options on the company. This is an increase of approximately 20% compared to the typical daily volume of 42,158 put options.

Hedge Funds Weigh In On SEA

Several hedge funds have recently added to or reduced their stakes in the business. Gulf International Bank UK Ltd boosted its holdings in shares of SEA by 0.9% during the first quarter. Gulf International Bank UK Ltd now owns 28,745 shares of the Internet company based in Singapore’s stock valued at $1,543,000 after acquiring an additional 258 shares during the period. Sunbelt Securities Inc. raised its position in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after buying an additional 320 shares during the last quarter. UMB Bank n.a. raised its stake in 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 in the last quarter. GAMMA Investing LLC lifted its position 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 purchasing an additional 336 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in SEA by 4.3% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore’s stock valued at $381,000 after buying an additional 360 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

SE opened at $64.91 on Friday. SEA has a 1 year low of $34.35 and a 1 year high of $88.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. The firm has a market capitalization of $36.66 billion, a PE ratio of 270.46 and a beta of 1.43. The business’s 50-day moving average is $58.34 and its two-hundred day moving average is $46.56.

SEA (NYSE:SE) last issued its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. SEA’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Research analysts anticipate that SEA will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

SE has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their price objective on shares of SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Wedbush increased their target price on SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Citigroup upgraded SEA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.00 to $50.00 in a report on Thursday, February 1st. Barclays boosted their price objective on SEA from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Loop Capital raised 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 note on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target of $71.21.

About SEA

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.