National Bank of Canada FI Purchases 1,273,767 Shares of Sea Limited (NYSE:SE)

National Bank of Canada FI lifted its holdings in Sea Limited (NYSE:SE - Free Report) by 201.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SE. Baillie Gifford & Co. increased its position in SEA by 30.8% in the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore's stock worth $1,384,427,000 after buying an additional 8,045,977 shares during the period. Sands Capital Management LLC raised its stake 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 valued at $708,471,000 after purchasing an additional 542,996 shares during the last quarter. Ward Ferry Management BVI Ltd grew its position 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 worth $194,234,000 after purchasing an additional 514,455 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its holdings in shares of SEA by 19.2% during the 3rd quarter. Kontiki Capital Management HK Ltd. now owns 3,796,957 shares of the Internet company based in Singapore's stock worth $166,876,000 after purchasing an additional 612,518 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of SEA by 12,344.0% during the 4th 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 purchasing an additional 2,634,327 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Price Performance

SE stock traded up $2.68 during midday trading on Friday, reaching $66.66. 5,615,774 shares of the company's stock traded hands, compared to its average volume of 5,984,409. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. The company has a market cap of $37.65 billion, a price-to-earnings ratio of 277.75 and a beta of 1.43. The company has a 50-day simple moving average of $56.54 and a two-hundred day simple moving average of $45.85. Sea Limited has a 1-year low of $34.35 and a 1-year high of $88.39.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business posted $0.72 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Sea Limited will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SE shares. Daiwa Capital Markets raised SEA from a "neutral" rating to a "buy" rating in a research report on Friday, February 2nd. Sanford C. Bernstein boosted their price objective on SEA from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, March 14th. Loop Capital upgraded shares of SEA from a "hold" rating to a "buy" rating and lifted their price target for the stock from $59.00 to $92.00 in a research note on Wednesday, April 24th. Barclays boosted their price target on shares of SEA from $68.00 to $85.00 and gave the company an "overweight" rating in a report on Friday. Finally, Morgan Stanley raised shares of SEA from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $65.00 to $70.00 in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $71.21.

SEA Profile

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.