Calamos Wealth Management LLC Makes New Investment in Sea Limited (NYSE:SE)

Calamos Wealth Management LLC bought a new stake in Sea Limited (NYSE:SE) during the 4th quarter, HoldingsChannel reports. The fund bought 6,953 shares of the Internet company based in Singapore’s stock, valued at approximately $738,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. increased its position in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 150 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares in the last quarter. Ballentine Partners LLC raised its position in SEA by 5.6% during the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock worth $315,000 after acquiring an additional 158 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of SEA by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after purchasing an additional 160 shares in the last quarter. Finally, Moseley Investment Management Inc. grew its position in shares of SEA by 4.3% in the fourth quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Up 0.8 %

Shares of SE opened at $122.87 on Wednesday. The stock’s fifty day simple moving average is $113.50 and its 200 day simple moving average is $96.51. Sea Limited has a twelve month low of $41.05 and a twelve month high of $126.12. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $70.32 billion, a P/E ratio of 819.14 and a beta of 1.55.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share 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 analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.26) earnings per share. On average, equities research analysts forecast that Sea Limited will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SE shares. Phillip Securities restated a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark upped their price objective on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Barclays lifted their price target on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.