5 Best Growth Stocks To Buy For the Next 5 Years

2. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 65   

Sea Limited (NYSE:SE) engages in digital entertainment, e-commerce, and digital financial service businesses. It is one of the premier growth stocks to invest in. On October 14, Sea Limited announced that it has partnered up with Penjana Kapital Sdn Bhd, an agency under the purview of the Ministry of Finance, to co-organize the 8th installation of Capital Connections to manage a vibrant startup and venture capital ecosystem in Malaysia. 

On August 18, investment advisory Barclays maintained an Overweight rating on Sea Limited (NYSE:SE) stock and lowered the price target to $114 from $125. Analyst Jiong Shao issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in Sea Limited (NYSE:SE) with 8.2 million shares worth more than $548 million. 

In its Q1 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Sea Limited (NYSE:SE) was one of them. Here is what the fund said:

“Sea Limited (NYSE:SE), a global digital gaming and e-commerce company, detracted from performance for the period held. Similar to other online consumer businesses, Sea faced significant multiple compression in the quarter, exacerbated by a slowdown in user growth at its key Free Fire digital game and mounting investments in its e-commerce operation, particularly in new markets like Brazil. We exited our position as we lost confidence in the long-term unit economics in some of Sea’s new markets and were concerned by the simultaneous slowdown in revenue growth and increase in underlying cash burn.”