BNP Paribas Has $1.63 Million Stock Holdings in Sea Limited (NYSE:SE)

BNP Paribas lifted its stake in shares of Sea Limited (NYSE:SE) by 103.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,332 shares of the Internet company based in Singapore’s stock after acquiring an additional 8,829 shares during the quarter. BNP Paribas’ holdings in SEA were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Duquesne Family Office LLC bought a new stake in SEA during the second quarter valued at $4,778,000. WCM Investment Management LLC lifted its stake in shares of SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after purchasing an additional 7,175 shares in the last quarter. Toronto Dominion Bank grew its stake in SEA by 28.2% during the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock worth $63,776,000 after purchasing an additional 196,506 shares during the period. Finally, Kaizen Investment Management Pte. Ltd. bought a new stake in SEA in the third quarter worth approximately $587,544,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Down 0.1 %

Shares of SEA stock opened at $113.91 on Wednesday. The company has a market capitalization of $65.20 billion, a P/E ratio of 759.40 and a beta of 1.52. The stock has a fifty day simple moving average of $98.75 and a 200 day simple moving average of $81.90. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.85. 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) last posted its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the company earned ($0.26) EPS. The business’s revenue was up 30.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Benchmark raised their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and raised their target price for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.