5 Best 52-Week Low Stocks To Buy Now

1. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 65

Once a Wall Street darling, Sea Limited (NYSE:SE) has gone nowhere but down over the past few months amid a broader rotation of investors away from risky stocks. Sea Limited (NYSE:SE) plunged recently after the company posted Q2 results. GAAP EPS in the quarter came in at $0.54 beating estimates by $0.08. Revenue in the quarter jumped 5.2% year over year to $3.1 billion, missing estimates by $150 million. As of the end of the first quarter of 2023, 65 hedge funds out of the 943 funds reported owning stakes in Sea Limited (NYSE:SE). The biggest stakeholder of Sea Limited (NYSE:SE) during this period was Jay Chen’s Himension Capital which owns a $407 million stake in the company.

Artisan Developing World Fund made the following comment about Sea Limited (NYSE:SE) in its second quarter 2023 investor letter:

“Bottom contributors to performance for the quarter included Southeast Asian Internet leader Sea Limited (NYSE:SE). Sea declined due to rising investor concerns around e-commerce competition from TikTok in Southeast Asia during a period of subdued gross merchandise value growth, while the gaming business continues to struggle.”

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