National Bank of Canada FI Acquires 71,298 Shares of Sea Limited (NYSE:SE)

National Bank of Canada FI grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 20.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,199 shares of the Internet company based in Singapore's stock after buying an additional 71,298 shares during the period. National Bank of Canada FI owned 0.07% of SEA worth $39,711,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SE. Baillie Gifford & Co. increased its stake in SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock worth $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock worth $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the third quarter worth about $587,544,000. Eminence Capital LP grew its position in shares of SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock worth $322,993,000 after purchasing an additional 1,408,314 shares in the last quarter. Finally, Prudential PLC raised its stake in SEA by 6.7% during the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore's stock valued at $260,673,000 after purchasing an additional 229,500 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Trading Down 1.8 %

NYSE:SE traded down $2.11 during midday trading on Monday, hitting $114.14. 4,109,442 shares of the company traded hands, compared to its average volume of 5,333,424. The firm has a market capitalization of $65.33 billion, a P/E ratio of 775.00 and a beta of 1.53. The firm's fifty day moving average is $102.85 and its 200-day moving average is $84.43. Sea Limited has a 12-month low of $34.35 and a 12-month high of $119.47. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the prior year, the company posted ($0.26) EPS. The company's revenue was up 30.8% compared to the same quarter last year. On average, sell-side analysts predict that Sea Limited will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SE. TD Cowen upped their price target on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research note on Wednesday, November 13th. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Phillip Securities restated a "reduce" rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $91.21.

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.