5 Best Esports Stocks to Buy Now

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In this article, we discuss the 5 best esports stocks to buy now. To read a detailed analysis of the esports and video gaming industry, go directly to the 11 Best Esports Stocks to Buy Now.

5. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 51

Sea Limited (NYSE:SE) is a Singapore-based tech company that provides its services through its different segments, including online gaming, e-commerce, and digital financial services. The company is involved in the esports industry through its gaming division Garena, a leading organizer of esports events and best known as the developer of Free Fire.

On February 5, Daiwa upgraded the rating on Sea Limited’s (NYSE:SE) stock to Buy from Hold and increased the price target to $50 from $48.50.

In the fourth quarter, 51 hedge funds had stakes in Sea Limited’s (NYSE:SE) stock, and the total stakes of the funds amounted to $2.173 billion. The most significant investor, Chase Coleman And Feroz Dewan’s Tiger Global Management LLC increased its stake in the stock by 23% to 14.32 million shares worth almost $580 million, in the fourth quarter of 2023.

Lakehouse Capital made the following comment about Sea Limited (NYSE:SE) in its September 2023 investor letter:

“The biggest contributor to performance during the month was Sea Limited (NYSE:SE) (+17.2%), which performed well on the back of news that the Indonesian government will ban direct transactions on social media platforms. Indonesia is Sea’s largest market, and the new regulation is expected to significantly hinder their fastest growing competitor, TikTok Shop, and benefit the incumbent e-commerce platforms like Tokopedia and Sea’s Shopee.”

Follow Sea Ltd (NYSE:SE)

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