Investors Purchase High Volume of SEA Call Options (NYSE:SE)

Sea Limited (NYSE:SE - Get Free Report) was the target of some unusual options trading on Monday. Traders purchased 33,541 call options on the stock. This represents an increase of approximately 188% compared to the average volume of 11,650 call options.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent research reports. Barclays boosted their price objective on SEA from $131.00 to $148.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Phillip Securities reissued a "reduce" rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research note on Wednesday, November 13th. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Finally, Benchmark lifted their price target on shares of SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.73.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of SEA during the 4th quarter worth about $1,493,682,000. WCM Investment Management LLC boosted its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. grew its stake in SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. Perpetual Ltd grew its stake in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its position in shares of SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock worth $188,218,000 after purchasing an additional 1,543,743 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Up 10.8 %

Shares of SE stock traded up $14.25 on Wednesday, hitting $146.56. 9,743,965 shares of the stock were exchanged, compared to its average volume of 4,090,273. The business has a 50-day moving average of $119.42 and a 200 day moving average of $105.29. SEA has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The firm has a market capitalization of $83.88 billion, a P/E ratio of 977.07 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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.