SEA Sees Unusually High Options Volume (NYSE:SE)

Sea Limited Sponsored ADR (NYSE:SE) saw unusually large options trading activity on Monday. Traders acquired 38,333 call options on the stock. This represents an increase of 307% compared to the average daily volume of 9,428 call options.

Insider Transactions at SEA

In other SEA news, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $80.82, for a total transaction of $64,656.00. Following the sale, the insider owned 67,180 shares of the company’s stock, valued at approximately $5,429,487.60. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Feng Zhao sold 30,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $80.22, for a total transaction of $2,406,600.00. Following the sale, the insider directly owned 63,580 shares in the company, valued at $5,100,387.60. This trade represents a 32.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,984,086 shares of company stock worth $241,395,898 over the last three months. 0.22% of the stock is owned by company insiders.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG boosted its position in shares of SEA by 21.5% during the third quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore’s stock valued at $11,406,000 after buying an additional 20,680 shares during the last quarter. Whetstone Capital Advisors LLC bought a new stake in SEA during the second quarter worth $8,191,000. Banque Pictet & Cie SA grew its holdings in SEA by 6.6% during the third quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore’s stock worth $27,644,000 after buying an additional 17,657 shares in the last quarter. Euro Pacific Asset Management LLC purchased a new stake in SEA in the 3rd quarter valued at $2,159,000. Finally, Corient Private Wealth LP raised its position in SEA by 61.4% in the 2nd quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock valued at $2,543,000 after buying an additional 10,099 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Benchmark raised their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen lowered SEA from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.73.

SEA Stock Up 3.0%

NYSE SE traded up $2.29 on Monday, hitting $78.02. 9,013,904 shares of the company were exchanged, compared to its average volume of 5,098,675. The company has a market cap of $47.67 billion, a PE ratio of 30.12, a PEG ratio of 0.78 and a beta of 1.58. SEA has a 12 month low of $71.53 and a 12 month high of $159.09. The stock has a fifty day moving average of $94.84 and a 200-day moving average of $97.82. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. As a group, analysts forecast that SEA will post 2.88 earnings per share for the current year.

About SEA

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017.

Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.