National Bank of Canada FI Sells 300,368 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• National Bank of Canada FI reduced its stake in Sea Limited by 58.1%, now holding 216,303 shares worth approximately $28.23 million.
• Sea Limited's recent earnings report showed EPS of $0.65, falling short of the estimated $0.93, with revenues of $4.84 billion, also below analyst expectations.
• Analysts have given Sea Limited a mixed outlook, with several recent upgrades adjusting price targets to $190, while some hold ratings suggest cautious sentiment.

National Bank of Canada FI lessened its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 58.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 216,303 shares of the Internet company based in Singapore's stock after selling 300,368 shares during the quarter. National Bank of Canada FI's holdings in SEA were worth $28,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SE. Bank of Montreal Can boosted its holdings in SEA by 2.8% in the fourth quarter. Bank of Montreal Can now owns 148,201 shares of the Internet company based in Singapore's stock worth $15,724,000 after purchasing an additional 4,090 shares during the last quarter. Bank of Nova Scotia boosted its holdings in SEA by 37.8% in the fourth quarter. Bank of Nova Scotia now owns 3,350 shares of the Internet company based in Singapore's stock worth $355,000 after purchasing an additional 919 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in SEA in the fourth quarter worth approximately $19,247,000. Bessemer Group Inc. boosted its holdings in SEA by 4.5% in the fourth quarter. Bessemer Group Inc. now owns 39,369 shares of the Internet company based in Singapore's stock worth $4,177,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Qtron Investments LLC purchased a new stake in SEA in the fourth quarter worth approximately $299,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of SE stock traded down $0.40 on Thursday, hitting $174.26. 3,245,623 shares of the stock traded hands, compared to its average volume of 4,666,135. The firm has a market cap of $102.66 billion, a price-to-earnings ratio of 90.29 and a beta of 1.58. Sea Limited Sponsored ADR has a 52 week low of $75.67 and a 52 week high of $181.76. The firm has a 50 day simple moving average of $156.54 and a two-hundred day simple moving average of $141.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. SEA had a net margin of 6.23% and a return on equity of 14.17%. The business's revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, equities research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the topic of several research reports. Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Macquarie reiterated an "outperform" rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a research report on Tuesday. Benchmark increased their price target on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $173.49.

SEA 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.