BNP Paribas Acquires 8,829 Shares of Sea Limited (NYSE:SE)

BNP Paribas boosted its holdings in Sea Limited (NYSE:SE) by 103.8% during the 3rd quarter, Holdings Channel reports. The firm owned 17,332 shares of the Internet company based in Singapore’s stock after acquiring an additional 8,829 shares during the period. BNP Paribas’ holdings in SEA were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its holdings in shares of SEA by 590.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 23,319 shares of the Internet company based in Singapore’s stock worth $2,199,000 after buying an additional 19,940 shares during the last quarter. Bridgewater Associates LP raised its position in SEA by 430.8% in the third quarter. Bridgewater Associates LP now owns 298,384 shares of the Internet company based in Singapore’s stock worth $28,132,000 after acquiring an additional 242,169 shares during the period. ShawSpring Partners LLC boosted its stake in SEA by 11.1% in the third quarter. ShawSpring Partners LLC now owns 943,179 shares of the Internet company based in Singapore’s stock valued at $88,923,000 after acquiring an additional 94,382 shares during the last quarter. Townsquare Capital LLC grew its position in shares of SEA by 85.8% during the 3rd quarter. Townsquare Capital LLC now owns 21,424 shares of the Internet company based in Singapore’s stock valued at $2,020,000 after acquiring an additional 9,893 shares during the period. Finally, Tree Line Advisors Hong Kong Ltd. increased its stake in shares of SEA by 13.9% during the 3rd quarter. Tree Line Advisors Hong Kong Ltd. now owns 1,230,000 shares of the Internet company based in Singapore’s stock worth $115,964,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

SEA stock opened at $113.91 on Wednesday. Sea Limited has a 1-year low of $34.35 and a 1-year 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. The firm has a market capitalization of $65.20 billion, a PE ratio of 759.40 and a beta of 1.52. The firm’s 50 day simple moving average is $98.75 and its 200 day simple moving average is $81.90.

SEA (NYSE:SE) last released its quarterly 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). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) EPS. As a group, analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SE has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Benchmark boosted their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SEA presently has an average 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.