Goldman Sachs China Stocks: Top 5 Stock Picks

3. Sea Limited (NYSE:SE)

Goldman Sachs’ Q2 Stake Value: $361.2 million

Number of Hedge Fund Holders: 62

Scott Devitt, an analyst at Wedbush, reiterated an Outperform rating on Sea Limited (NYSE:SE) while maintaining a $48 price target on the stock on September 6.

Sea Limited (NYSE:SE) is a communication services company. It engages in the digital entertainment, e-commerce, and digital financial service businesses.

There were 62 hedge funds long Sea Limited (NYSE:SE) in the second quarter. Their total stake value was $1.9 billion.

Artisan Partners mentioned 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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