5 E-commerce and Tech Stocks to Buy Now According to Christopher Lyle’s SCGE Management

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In this article, we will discuss 5 e-commerce and tech stocks to buy now according to Christopher Lyle’s SCGE management based on Q2 holdings of the fund. If you want to read our detailed analysis of Lyle’s history, investment philosophy, and hedge fund performance, go directly to the 10 E-commerce and Tech Stocks to Buy Now According to Christopher Lyle’s SCGE Management.

5. Sea Limited (NYSE:SE)

Lyle’s Stake Value: $619,172,000
Percentage of Christopher Brown Lyle’s 13F Portfolio: 5.8%
Number of Hedge Fund Holders: 104

Sea Limited is a Singapore-based consumer internet company that has developed an integrated platform consisting of digital entertainment, electronic commerce, and digital financial services. Sea Limited (NYSE: SE) observed a loss of $0.61 per share in the second quarter of 2021 and missed the EPS estimate by $0.12.

Hayden Capital shared its stance on Sea Limited (NYSE: SE) in their Q4 2020 investor letter. Here’s what the fund said:

“Sea Ltd (SE): When I wrote our Q4 2019 letter about Shopee launching a Brazilian business, it seemed very few investors or competitors knew or cared.

A year ago, I wrote: “This is the first test for the e-commerce marketplace outside of its Southeast Asia home base. Will the platform’s fun and addicting features overcome a lack of local knowledge and presence? It’s hard to predict consumer behavior and how accepting users will be to a platform – especially one that’s a foreign culture and 10,000 miles away. The only way to know is to experiment and watch the results closely.

Empirically though, it seems that what consumers find entertaining in Asia, generally translates well to Brazil (and Shopee really is as much an entertainment platform, as an e-commerce one)…” (Click here to see the full text)

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