BlackRock Increases Investment in Sea Limited

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Sea Limited ($NYSE:SE) (SE) recently announced that BlackRock Inc., the world’s largest asset manager, has increased its stake in the company. This increased investment in SE is a huge sign of confidence in the company and its stock. SEA Limited is a Singapore-based technology business, offering e-commerce, digital entertainment, and digital financial services. It operates the leading e-commerce platform in Southeast Asia, shopee.com.my, and is also the region’s largest gaming platform, garena.com.

In addition, SeaMoney provides convenient and secure digital financial services across Southeast Asia. The company is well-positioned for continued growth in the rapidly-growing economies of the region. The increased investment in SE by BlackRock Inc. is an indication of the company’s strong potential for growth and success in this region. This increased investment will help SEA to develop further and create innovative solutions to meet customer needs in the region. With this additional financial backing, SEA can continue to innovate and expand their services to more customers around the world.

Stock Price

On Tuesday, BlackRock Inc. announced that they had increased their investment in SEA LIMITED, sending the stock up 0.5% from its previous closing price of $38.2. The startup saw its stock open at $37.3 before closing at $38.0, suggesting that investors are beginning to see the potential of the company. This is indicative of the growing demand for the company’s services and products, which range from e-commerce and digital entertainment to travel and financial services.

The increase in investment by BlackRock Inc. reflects a larger trend among investors, who are increasingly recognizing SEA LIMITED as a viable option for their portfolios. With its diversified business model and growing customer base, the company is proving that it has staying power and can be trusted to provide consistent returns for its investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sea Limited. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sea Limited. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sea Limited. More…

Key Ratios Snapshot

Some of the financial key ratios for Sea Limited are shown below. More…

Analysis

At GoodWhale, we conducted an analysis of SEA LIMITED‘s fundamentals, using our Star Chart to assess its relative strength in categories such as growth, profitability, asset, and dividend. Based on our analysis, we found that SEA LIMITED was strong in growth and profitability, and medium in asset, but weak in dividend. Additionally, its intermediate health score of 6/10 indicates that it is likely to safely ride out any crisis without the risk of bankruptcy. Given our findings, we have classified SEA LIMITED as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. We suggest that investors who are looking for a long-term investment with some potential upside may be interested in SEA LIMITED. More…

Peers

Sea Ltd is a gaming company that operates in various countries. Aeria Inc, Bragg Gaming Group Inc, and Gamania Digital Entertainment Co Ltd are some of its competitors.

– Aeria Inc ($TSE:3758)

Aeria Inc is a global publisher of online games. The company was founded in 2006 and is headquartered in Santa Clara, California. Aeria Inc has a market cap of 10.01B as of 2022, a Return on Equity of 3.69%. The company’s games are free-to-play and available online, on mobile devices, and through social networking sites. Aeria Inc’s portfolio includes popular massively multiplayer online games such as Alliance of Valiant Arms, Eden Eternal, Aura Kingdom, and Twin Saga. The company also publishes mobile games such as Big Bang Empire and Game of Dice. In addition to game publishing, Aeria Inc operates an online gaming portal, aeriaGames.com, which offers a variety of casual and social games.

– Bragg Gaming Group Inc ($TSX:BRAG)

Bragg Gaming Group Inc is a Canadian online gaming company. The company operates in the online gambling and gaming industry. It offers online gaming products and services to customers in Europe, Australia, and North America. The company’s products and services include online casino, sports betting, and horse racing. Bragg Gaming Group Inc is headquartered in Toronto, Canada.

– Gamania Digital Entertainment Co Ltd ($TPEX:6180)

Gamania Digital Entertainment Co Ltd has a market cap of 9.35B as of 2022, a Return on Equity of 20.25%. The company is a Taiwanese digital entertainment company that operates online games, online video, and other digital content platforms. The company’s flagship product is Gash Point, an online game platform that offers a variety of games for gamers to play. The company also operates a number of other online game platforms, including Gamania Games, which offers a variety of online games for gamers to play; and GamaZone, which offers a variety of online video content for gamers to watch.

Summary

BlackRock Inc., one of the world’s largest asset managers, has increased its stock holdings in Sea Limited (SE), a Singapore-based holding company focused on digital entertainment, e-commerce, and digital financial services. Analysts have cited Sea Limited’s growing presence in Southeast Asia, its diversifying product portfolio, and its innovative approach to digital payment systems as reasons for their optimism. Sea Limited is expected to continue to benefit from the region’s expanding digital economy, as well as its recent partnerships with leading global companies. From an investment standpoint, Sea Limited provides a unique opportunity for investors looking to diversify and capitalize on the region’s growth potential.