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 lowered its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 58.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,303 shares of the Internet company based in Singapore's stock after selling 300,368 shares during the period. 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 institutional investors have also recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares during the period. Capital Research Global Investors lifted its holdings in shares of SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after acquiring an additional 1,325,183 shares during the period. Kontiki Capital Management HK Ltd. lifted its holdings in shares of SEA by 3.4% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock worth $442,167,000 after acquiring an additional 111,400 shares during the period. Northern Trust Corp increased its position in SEA by 12.6% during the 4th quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after purchasing an additional 329,881 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in SEA during the 1st quarter worth approximately $336,521,000. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SE shares. Wedbush upped their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday. Loop Capital reiterated a "buy" rating and set a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Macquarie reiterated an "outperform" rating and set a $219.90 price objective (up from $178.20) on shares of SEA in a research report on Tuesday. Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average target price of $173.49.

SEA Trading Up 1.8%

Shares of NYSE:SE traded up $3.14 during trading on Friday, reaching $177.15. The stock had a trading volume of 1,842,698 shares, compared to its average volume of 4,651,907. The firm's fifty day moving average is $156.61 and its 200 day moving average is $141.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.49 and a current ratio of 1.55. Sea Limited Sponsored ADR has a 52 week low of $75.67 and a 52 week high of $181.76. The stock has a market cap of $104.36 billion, a price-to-earnings ratio of 91.82 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period in the prior year, the company posted $0.14 earnings per share. The company's revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

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.