Sea Limited
About: Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid C2C and B2C marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue generating game. Sea's third business, SeaMoney, provides lending, payment, digital banking, and insurance services.As of March 31, 2024, Forrest Xiaodong Li, the founder, chairman and CEO, owned 59.8% of voting power and 18.5% of issued shares. Tencent owned 18.2% of issued shares with no voting power.
Employees: 80,700
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
137% more first-time investments, than exits
New positions opened: 140 | Existing positions closed: 59
56% more call options, than puts
Call options by funds: $1.94B | Put options by funds: $1.25B
29% more funds holding in top 10
Funds holding in top 10: 45 [Q4 2024] → 58 (+13) [Q1 2025]
29% more repeat investments, than reductions
Existing positions increased: 288 | Existing positions reduced: 224
23% more capital invested
Capital invested by funds: $36.2B [Q4 2024] → $44.5B (+$8.39B) [Q1 2025]
10% more funds holding
Funds holding: 663 [Q4 2024] → 727 (+64) [Q1 2025]
0.31% less ownership
Funds ownership: 64.39% [Q4 2024] → 64.08% (-0.31%) [Q1 2025]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Barclays Jiong Shao | 24%upside $200 | Overweight Maintained | 15 May 2025 |
Benchmark Fawne Jiang | 12%upside $180 | Buy Maintained | 14 May 2025 |
JP Morgan Ranjan Sharma | 18%upside $190 | Overweight Upgraded | 13 May 2025 |
B of A Securities Sachin Salgaonkar | 0%downside $160 | Neutral Downgraded | 9 May 2025 |
Loop Capital Rob Sanderson | 3%upside $165 | Buy Maintained | 31 Mar 2025 |
Financial journalist opinion
Based on 23 articles about SE published over the past 30 days









