Perigon Wealth Management LLC Purchases 2,177 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Perigon Wealth Management LLC grew its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,552 shares of the Internet company based in Singapore's stock after purchasing an additional 2,177 shares during the quarter. Perigon Wealth Management LLC's holdings in SEA were worth $1,638,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SE. Private Trust Co. NA increased its position in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares during the last quarter. Sava Infond d.o.o. purchased a new stake in SEA in the 1st quarter worth about $26,000. Inlight Wealth Management LLC purchased a new stake in SEA in the 1st quarter worth about $28,000. Fifth Third Bancorp increased its holdings in SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after acquiring an additional 195 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after acquiring an additional 112 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SE. Benchmark lifted their price objective on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.15.

SEA Price Performance

Shares of SE traded up $0.87 during trading hours on Friday, reaching $159.38. 4,606,544 shares of the company's stock traded hands, compared to its average volume of 4,401,336. The stock has a market cap of $93.89 billion, a PE ratio of 112.24 and a beta of 1.64. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The firm's 50 day simple moving average is $151.97 and its 200-day simple moving average is $131.49. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. Equities analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

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.