Sea Limited (NYSE:SE – Get Free Report) saw some unusual options trading on Monday. Investors acquired 76,976 call options on the stock. This represents an increase of 73% compared to the typical volume of 44,560 call options.
Institutional Investors Weigh In On SEA
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP raised its position in SEA by 15.0% during the 1st quarter. Wasatch Advisors LP now owns 782,277 shares of the Internet company based in Singapore’s stock valued at $67,706,000 after purchasing an additional 102,272 shares during the last quarter. Principal Financial Group Inc. raised its position in SEA by 62.6% during the 1st quarter. Principal Financial Group Inc. now owns 42,814 shares of the Internet company based in Singapore’s stock valued at $3,706,000 after purchasing an additional 16,483 shares during the last quarter. Jump Financial LLC bought a new position in SEA during the 1st quarter valued at approximately $1,310,000. Continuum Advisory LLC bought a new position in SEA during the 1st quarter valued at approximately $1,230,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in SEA by 14.4% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 105,206 shares of the Internet company based in Singapore’s stock valued at $5,423,000 after purchasing an additional 13,237 shares during the last quarter. Institutional investors own 72.05% of the company’s stock.
SEA Price Performance
SE opened at $40.20 on Tuesday. The stock has a 50-day moving average price of $47.14 and a 200-day moving average price of $62.79. SEA has a 12-month low of $34.87 and a 12-month high of $88.84. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $22.70 billion, a P/E ratio of 103.08 and a beta of 1.75.
Analysts Set New Price Targets
Several brokerages have recently weighed in on SE. Wedbush reiterated an “outperform” rating and issued a $48.00 price target on shares of SEA in a research report on Wednesday, September 6th. TD Cowen reduced their price target on SEA from $65.00 to $46.00 and set a “market perform” rating for the company in a research report on Tuesday, August 22nd. Bernstein Bank reduced their price target on SEA from $100.00 to $90.00 in a research report on Tuesday, July 11th. Barclays reduced their target price on SEA from $98.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, August 16th. Finally, Sanford C. Bernstein reduced their target price on SEA from $90.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.50.
Check Out Our Latest Research Report on SE
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 eSports operations.
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