Perigon Wealth Management LLC Acquires 684 Shares of Sea Limited (NYSE:SE)

Perigon Wealth Management LLC raised its stake in Sea Limited (NYSE:SE) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in SEA by 445.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore’s stock worth $3,649,000 after buying an additional 41,728 shares during the period. AQR Capital Management LLC raised its stake in shares of 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 acquiring an additional 839 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of SEA by 106.9% during 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 purchasing an additional 9,224 shares during the period. 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 purchasing an additional 5,740 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in SEA in the second quarter valued at $99,989,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 1.3 %

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

SEA (NYSE:SE) last issued 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). The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.26) EPS. Equities research analysts expect that Sea Limited will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on SE. Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. 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 issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Barclays lifted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, TD Cowen raised their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

About SEA

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.