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

National Bank of Canada FI lifted its stake in shares of Sea Limited (NYSE:SE) by 201.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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’s holdings in SEA were worth $73,337,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in SEA by 6.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,891 shares of the Internet company based in Singapore’s stock worth $435,000 after purchasing an additional 627 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of SEA by 2.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore’s stock worth $546,000 after acquiring an additional 271 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of SEA by 4.5% in the third quarter. Mackenzie Financial Corp now owns 20,203 shares of the Internet company based in Singapore’s stock valued at $861,000 after purchasing an additional 872 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of SEA by 5.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 69,673 shares of the Internet company based in Singapore’s stock worth $3,062,000 after buying an additional 3,310 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its holdings in shares of SEA by 25.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 4,729 shares of the Internet company based in Singapore’s stock worth $208,000 after buying an additional 967 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SE shares. Wedbush raised their price objective on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and upped their price target for the company from $62.00 to $70.00 in a research note on Monday, April 22nd. Benchmark boosted their price objective on shares of SEA from $65.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, 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 report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.21.

SEA Price Performance

Shares of SE stock traded up $2.68 during trading hours on Friday, reaching $66.66. The company’s stock had a trading volume of 5,615,774 shares, 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. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The company has a market capitalization of $37.65 billion, a price-to-earnings ratio of 277.75 and a beta of 1.43. The firm’s 50 day simple moving average is $56.54 and its 200-day simple moving average is $45.84.

SEA (NYSE:SE) last released its earnings results 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 business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. Sell-side analysts forecast that Sea Limited will post 0.75 earnings per share for the current year.

SEA Company 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.