Sea Limited (SE)

• Market cap: $63.5B
• 1 day: -0.90%
• 5 days: -4.00%
• 1 month: -3.34%
• 3 months: 29.09%
• 6 months: 45.58%
• Year to date: 187.75%
• 1 year: 215.12%
• 5 years: 183.62%
• 10 years: 580.44%

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: 62,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

58% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 73

35% more repeat investments, than reductions

Existing positions increased: 222 | Existing positions reduced: 164

32% more call options, than puts

Call options by funds: $1.75B | Put options by funds: $1.32B

26% more capital invested

Capital invested by funds: $22.9B [Q2] → $29B (+$6.07B) [Q3]

8% more funds holding in top 10

Funds holding in top 10: 38 [Q2] → 41 (+3) [Q3]

8% more funds holding

Funds holding: 553 [Q2] → 595 (+42) [Q3]

2.14% less ownership

Funds ownership: 60.65% [Q2] → 58.5% (-2.14%) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $96 13% downside
• Avg. target: $111 1% upside
• High target: $131 18% upside

5 analyst ratings

• positive: 3 60%
• neutral: 1 20%
• negative: 1 20%

Phillip Securities Helena Wang 0% 1-year accuracy 0 / 1 met price target	10% downside $100	Reduce Downgraded	19 Nov 2024
Barclays Jiong Shao 71% 1-year accuracy 27 / 38 met price target	18% upside $131	Overweight Maintained	14 Nov 2024
TD Cowen John Blackledge 67% 1-year accuracy 12 / 18 met price target	10% downside $100	Hold Maintained	13 Nov 2024
Benchmark Fawne Jiang 71% 1-year accuracy 41 / 58 met price target	18% upside $130	Buy Maintained	13 Nov 2024
B of A Securities Sachin Salgaonkar 100% 1-year accuracy 10 / 10 met price target	13% downside $96	Buy Maintained	23 Sept 2024