National Bank of Canada FI Boosts Holdings in Sea Limited (NYSE:SE)

National Bank of Canada FI raised its holdings in Sea Limited (NYSE:SE) by 201.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,907,333 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,273,767 shares during the period. National Bank of Canada FI owned 0.34% of SEA worth $73,337,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SE. Baillie Gifford & Co. grew its holdings in SEA by 30.8% during the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after buying an additional 8,045,977 shares during the last quarter. Sands Capital Management LLC increased its position in SEA by 3.5% during the 3rd quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock worth $708,471,000 after purchasing an additional 542,996 shares in the last quarter. Ward Ferry Management BVI Ltd raised its stake in SEA by 13.2% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock valued at $194,234,000 after purchasing an additional 514,455 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its holdings in SEA by 19.2% in the 3rd quarter. Kontiki Capital Management HK Ltd. now owns 3,796,957 shares of the Internet company based in Singapore’s stock valued at $166,876,000 after purchasing an additional 612,518 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of SEA by 12,344.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after buying an additional 2,634,327 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 4.2 %

Shares of SE stock traded up $2.68 during trading hours on Friday, reaching $66.66. The company had a trading volume of 5,615,774 shares, compared to its average volume of 5,984,409. The stock’s fifty day simple moving average is $56.54 and its 200 day simple moving average is $45.84. The company has a market capitalization of $37.65 billion, a P/E ratio of 277.75 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39.

SEA (NYSE:SE) last posted its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (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 net margin of 1.27% and a return on equity of 2.54%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. As a group, sell-side analysts expect that Sea Limited will post 0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on SE shares. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. HSBC raised their price target on SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Daiwa Capital Markets raised shares of SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein upped their price target on shares of SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.