Tiger Global’s Top 5 Stocks Picks and Performance

2. Sea Limited (NYSE: SE)

Coleman’s Stake Value: $2,121,913,000
Percentage of Chase Coleman’s 13F Portfolio: 4.88%
Number of Hedge Fund Holders: 98

Sea Limited (NYSE: SE) is a consumer internet company. The company was incorporated in 2009 and is placed second on the list of Tiger Global’s top 10 stocks picks. The shares of Sea Limited have shown an impressive performance over the last 12 months, gaining 94.52% in value. The stock is up 31.48% since March 31.

On July 22, Morgan Stanley analyst Mark Goodridge raised the price target on Sea Limited (NYSE: SE) to $320 from $300 and kept an “Overweight” rating on the shares. On May 18, Sea Limited posted earnings results for the first three months of 2021. The earnings per share was -$0.62, missing market predictions by $0.07. However, the revenue over the period was $1.8 billion, beating the estimates by $20 million.

Tiger Global Management LLC holds 9.51 million shares in Sea Limited (NYSE: SE) worth over $2 billion, representing 4.88% of their portfolio.

ClearBridge Investments, in its second quarter 2021 investor letter mentioned Sea Limited (NYSE: SE). Here is what ClearBridge Investments has to say about Sea Limited:

“We have also been active in managing our growth exposure in the IT and Internet sectors. In addition to sales of several emerging growth names, we added a new emerging growth company in Sea Limited. Sea operates a leading global video game platform (Garena), the leading e-commerce platform in Southeast Asia (Shopee) and an emerging payments/digital banking segment (SeaMoney). While the company is investing heavily into e-commerce and payments, we like the fact that this growth is being funded by its highly profitable gaming segment. We see a long runway for growth across Sea’s businesses with multiple opportunities like e-commerce expansion in Latin America not fully factored into the valuation today. The company also has a well-respected management team that has successfully executed in expanding its total addressable market.”