National Bank of Canada FI Purchases 95,472 Shares of Sea Limited (NYSE:SE)

National Bank of Canada FI grew its holdings in Sea Limited (NYSE:SE - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 516,671 shares of the Internet company based in Singapore's stock after purchasing an additional 95,472 shares during the period. National Bank of Canada FI owned about 0.09% of SEA worth $54,819,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in SEA by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore's stock valued at $25,620,000 after purchasing an additional 24,216 shares during the period. Cerity Partners LLC lifted its holdings in shares of SEA by 128.4% during the 3rd quarter. Cerity Partners LLC now owns 19,842 shares of the Internet company based in Singapore's stock valued at $1,871,000 after buying an additional 11,153 shares during the period. Captrust Financial Advisors boosted its stake in shares of SEA by 319.5% in the 3rd quarter. Captrust Financial Advisors now owns 31,396 shares of the Internet company based in Singapore's stock worth $2,960,000 after buying an additional 23,911 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of SEA by 5.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 75,666 shares of the Internet company based in Singapore's stock worth $7,134,000 after acquiring an additional 4,066 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in SEA during the third quarter valued at $215,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

Remove Ads

SEA Price Performance

SE traded down $13.87 on Friday, hitting $106.18. 15,810,121 shares of the company's stock traded hands, compared to its average volume of 4,648,157. Sea Limited has a one year low of $51.70 and a one year high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $60.77 billion, a price-to-earnings ratio of 707.88 and a beta of 1.73. The company's 50 day simple moving average is $128.04 and its 200-day simple moving average is $113.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SE shares. Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Jefferies Financial Group upped their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. UBS Group increased their price target on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Finally, Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, SEA has an average rating of "Moderate Buy" and an average price target of $121.40.

About SEA

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.