5 Best Global Stocks To Buy Now

1. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 117

Sea Limited (NYSE:SE) is an internet giant that offers e-commerce, digital entertainment, and digital financial services globally. Shopee, Sea Limited’s (NYSE:SE) e-commerce division, covers nearly 57% of the Southeast Asian online shopping market and also operates in Brazil and Mexico. Shopee was the highest-ranked app on Google Play in the Shopping category by total time spent in-app, according to App Annie.

In the third quarter of 2021, Sea Limited (NYSE:SE) saw a year-over-year revenue increase of 121.8% to $2.7 billion. The Singapore-based internet company increased its full-year e-commerce revenue guidance for 2021 to $5 billion to $5.2 billion, up from $4.7 billion to $4.9 billion previously. Meanwhile, Sea Limited (NYSE:SE) retained its Garena fiscal 2021 guidance of $4.5 billion to $4.7 billion.

With internet penetration in Southeast Asia at 75% in 2021, analysts see that there is much room for Sea Limited (NYSE:SE) to grow in the market. CLSA analyst Neel Sinha raised his rating on Sea Limited (NYSE:SE) from Outperform to Buy in November after the internet company announced a solid Q3 earnings result. Sinha increased his price target for the stock to $455 from $352.

Moreover, 117 hedge funds in Insider Monkey’s database reported owning stakes in Sea Limited (NYSE:SE) as of Q3 2021, up from 104 in the previous quarter. The total value of these stakes is over $14 billion. 

You can also take a peek at the 10 Finance Stocks to Buy According to Billionaire Ray Dalio and Billionaire Daniel Sundheim’s Portfolio: 10 New Stock Picks.

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