Calamos Wealth Management LLC Acquires Shares of 6,953 Sea Limited (NYSE:SE)

Calamos Wealth Management LLC bought a new position in shares of Sea Limited (NYSE:SE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,953 shares of the Internet company based in Singapore’s stock, valued at approximately $738,000.

Several other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 41,728 shares during the last quarter. Truist Financial Corp raised its position in shares of SEA by 106.9% during the 2nd quarter. Truist Financial Corp now owns 17,853 shares of the Internet company based in Singapore’s stock valued at $1,275,000 after buying an additional 9,224 shares during the period. Cetera Investment Advisers raised its position in 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 valued at $2,038,000 after purchasing an additional 5,740 shares during the period. Sanctuary Advisors LLC purchased a new stake in SEA in the 2nd quarter valued at about $388,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of SEA by 40.4% in the 3rd quarter. Park Avenue Securities LLC now owns 7,519 shares of the Internet company based in Singapore’s stock worth $709,000 after acquiring an additional 2,165 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SE shares. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Benchmark boosted their target price on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Barclays raised 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. Wedbush reaffirmed an “outperform” rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Phillip Securities reissued 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 research analyst has rated the stock with a sell rating, two have given a hold rating, ten 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 a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

Shares of SEA stock opened at $122.87 on Wednesday. The stock has a market capitalization of $70.32 billion, a price-to-earnings ratio of 819.14 and a beta of 1.55. The firm’s fifty day simple moving average is $113.50 and its 200-day simple moving average is $96.51. 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 Limited has a 12 month low of $41.05 and a 12 month high of $126.12.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, equities analysts forecast that Sea Limited will post 0.8 earnings per share 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.