Top 5 Stock Picks of Chase Coleman’s Tiger Global Management

3. Sea Limited (NYSE:SE)

Tiger Global Management’s Stake Value: $2,548,088,000

Percentage of Tiger Global Management’s 13F Portfolio: 5.54%

Number of Hedge Fund Holders: 108

Sea Limited (NYSE:SE) is a technology firm operating as a digital entertainment, e-commerce, and financial services provider. Increasing its stake in Sea Limited (NYSE:SE) by 10% in Q4 2021, Tiger Global Management held 11.3 million shares of the company, worth $2.5 billion. 

Barclays analyst Jiong Shao lowered the price target on Sea Limited (NYSE:SE) on February 7 to $218 from $427 and kept an Overweight rating on the shares. The analyst believes Sea Limited (NYSE:SE)’s 2022 outlook may need to be reset, given how the post-COVID economic reopening is having a negative impact on the company’s gaming and e-commerce business as consumers spend less time online. 

According to Insider Monkey’s Q4 database, ARK Investment Management held 654,834 shares of Sea Limited (NYSE:SE), worth $146.4 million. The Sea Limited (NYSE:SE) stock rebounded 15% as Cathie Wood purchased shares. Overall, 108 hedge funds were bullish on Sea Limited (NYSE:SE) in the fourth quarter of 2021. 

Here is what ClearBridge Large Cap Growth Strategy has to say about Sea Limited (NYSE:SE) in its Q3 2021 investor letter:

“Over the last year, we have sought to improve the up capture of the portfolio by expanding exposure to the select bucket of companies growing revenues and earnings at meaningfully above-average rates and targeting large total addressable markets. Newer names in the select bucket like Sea Limited have been strong contributors to relative performance over this period. We believe that owning a broader group of IT and Internet companies with different drivers to the businesses helps manage some of the risk in this relatively more expensive subsector.”