Sea stock jumped 7% in morning trading.
National Bank of Canada FI has significantly increased its stake in Sea Limited, a prominent Internet company based in Singapore. According to the most recent filing with the Securities & Exchange Commission, the institutional investor now owns 858,286 shares of Sea Limited’s stock, which represents a remarkable 225.0% increase from the previous quarter. This surge in ownership is due to the purchase of an additional 594,224 shares during the period.
As of the end of the second quarter, National Bank of Canada FI’s stake in Sea Limited was valued at $49,559,000. While this represents a mere 0.15% ownership interest in the company, it is still a substantial investment. The National Bank of Canada FI has demonstrated its confidence in Sea Limited by increasing its holdings.
DekaBank Deutsche Girozentrale increased its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 30.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,865 shares of the Internet company based in Singapore's stock after acquiring an additional 32,081 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in SEA were worth $7,942,000 as of its most recent filing with the SEC.
