5 Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann’s 3G Capital

2. Sea Limited (NYSE: SE)

Lemann’s Stake Value: $79,634,000
Percentage of Jorge Paulo Lemann’s 13F Portfolio: 20.57%
Number of Hedge Fund Holders: 104

Through its subsidiaries, Sea Limited (NYSE: SE) operates in the digital entertainment, e-commerce, and financial services industries. It was incorporated in 2009 and is ranked second on the list of 10 stocks to buy according to Brazilian billionaire Jorge Paulo Lemann’s 3G Capital. Sea Limited (NYSE: SE) shares have gained about 96.23% over the last 12 months.

On August 18, Cowen analyst John Blackledge raised the price target on Sea Limited (NYSE: SE) to $355 from $345 and maintained an “Outperform” rating on the shares. On August 17, Sea Limited (NYSE: SE) posted earnings for the second quarter of 2021. It declared earnings per share of -$0.61, beating the estimates by $0.07. The revenue over the period was $2.28 billion, up 158.5% YoY, surpassing the predictions by $260 million.

3G Capital holds 290,000 shares in Sea Limited (NYSE: SE) worth $79.63 million, representing 20.57% of their portfolio. Hedge funds are loading up on Sea Limited (NYSE: SE), as Insider Monkey’s data shows that 104 hedge funds held stakes in the company as of the second quarter of 2021, compared to 98 funds at the end of the first quarter of 2021.

In its second-quarter, 2021 investor letter Tao Value, mentioned Sea Limited (NYSE: SE). Here is what the fund said: 

“Sea continued to execute above expectation. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The major franchise Free Fire showed no sign of slowing down in established ASEAN & LatAm market and received positive reception from new markets

 like US. On e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now top downloaded e-commerce app in Brazil, almost 2x of the second-place local leader Mercado Libre (MELI). I also see the most promising development is in its FinTech business – SeaMoney, which more than doubled its revenue in Q1 2021 from the previous quarter! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea.”