5 Best Entertainment Stocks to Invest In

4. Sea Limited (NYSE: SE)

Number of Hedge Fund Holders: 98

Sea Limited (NYSE: SE) is a Singaporean technology conglomerate mainly specializing in areas of electronic gaming and e-commerce. It is ranked fourth on our list of 10 best entertainment stocks to invest in. The stock has returned over 124% to investors over the course of the past year. On May 18, Sea Limited (NYSE: SE) posted earnings for the first quarter of 2021, reporting earnings per share of -$0.62, missing estimates by $0.05. The revenue over the period was around $1.76 billion, up 146.69% year-over-year.

At the end of the first quarter of 2021, 98 hedge funds in the database of Insider Monkey held stakes worth $10.43 billion in Sea Limited (NYSE: SE).

On July 1, Morgan Stanley kept its Overweight rating on Sea Limited (NYSE: SE) with a $300 price target. On June 25, New Street initiated coverage of Sea Limited (NYSE: SE) with a Buy rating and a $325 price target.