Perigon Wealth Management LLC Increases Stock Position in Sea Limited (NYSE:SE)

Perigon Wealth Management LLC lifted its holdings in Sea Limited (NYSE:SE) by 7.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,375 shares of the Internet company based in Singapore’s stock after acquiring an additional 684 shares during the quarter. Perigon Wealth Management LLC’s holdings in SEA were worth $1,158,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SE. Dimensional Fund Advisors LP lifted its holdings in shares of SEA by 445.4% during the second quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock valued at $3,649,000 after purchasing an additional 41,728 shares during the last quarter. AQR Capital Management LLC raised its stake in SEA by 0.6% during the second quarter. AQR Capital Management LLC now owns 137,222 shares of the Internet company based in Singapore’s stock valued at $9,800,000 after buying an additional 839 shares during the last quarter. Truist Financial Corp boosted its holdings in SEA by 106.9% in the second quarter. Truist Financial Corp now owns 17,853 shares of the Internet company based in Singapore’s stock worth $1,275,000 after acquiring an additional 9,224 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of SEA by 25.2% in the second quarter. Cetera Investment Advisers now owns 28,542 shares of the Internet company based in Singapore’s stock worth $2,038,000 after acquiring an additional 5,740 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new position in shares of SEA during the second quarter valued at $99,989,000. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

Shares of SEA stock opened at $123.45 on Friday. The stock’s fifty day moving average is $112.98 and its 200 day moving average is $95.05. Sea Limited has a one year low of $38.10 and a one year high of $125.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock has a market cap of $70.66 billion, a P/E ratio of 823.03 and a beta of 1.54.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) earnings per share. Sell-side analysts anticipate that Sea Limited will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SE. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark increased their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wedbush restated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Profile

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.