5 Best Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann

1. Sea Limited (NYSE: SE)

Lemann’s Stake Value: $64,737,000
Percentage of Jorge Paulo Lemann’s 13F Portfolio: 24.03%
Number of Hedge Fund Holders: 98

Sea Limited (NYSE: SE) is a consumer internet company. The company was incorporated in 2009, and it tops the list of 10 best stocks to buy according to Brazilian billionaire Jorge Paulo Lemann. Sea currently has a $156.11 billion market capitalization and was able to deliver a 177.88% return in the past 12 months.

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

3G Capital holds 290,000 shares in the company worth $64.74 million, representing 24.03% of their portfolio. The hedge fund has increased stakes in Sea Limited (NYSE: SE) by 177% in the past few months. Tybourne Capital Management, with 1.39 million shares, is the biggest stakeholder in the company.

ClearBridge Investments, in their second quarter 2021 investor letter, mentioned Sea Limited (NYSE: SE). Here is what the fund said:

“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.”

You can also take a peek at 10 Best Tech Stocks to Buy According to Japanese Billionaire Masayoshi Son and 10 Best Dividend Stocks to Buy According to Billionaire Michael Hintze 

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