Parallel Advisors LLC Increases Stake in Sea Limited by 12.2% in First Quarter

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Parallel Advisors LLC recently disclosed that it had increased its stake in Sea Limited ($NYSE:SE) by 12.2% during the first quarter of the year. Sea Limited is a leading internet company in Southeast Asia and Greater China, offering digital entertainment, e-commerce and digital financial services. This increased investment is indicative of the increasing importance of Sea Limited as an international business and its potential for growth. With its strong presence in the tech sector, Sea Limited has shown remarkable success in recent years.

Additionally, Sea Limited’s online gaming platform Garena has seen significant growth, becoming Southeast Asia’s leading online gaming platform. Given Parallel Advisors LLC’s increased stake in Sea Limited, it is clear that the company believes that there is significant potential for further growth within the company. With a strong foothold in multiple business sectors and a track record of success, Sea Limited is well-positioned to benefit from the growing digital economy in Southeast Asia and Greater China in the coming years.

Analysis

At GoodWhale, we conducted an analysis of Sea Limited‘s fundamentals, and found that according to Star Chart, Sea Limited is strong in growth, medium in asset and weak in dividend and profitability. We calculated an intermediate health score of 5/10 with regard to its cashflows and debt, which indicates that the company may be able to pay off debt and fund future operations. We classified Sea Limited as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. As such, investors who are looking for high growth potential companies, but are willing to take on some risks, may be interested in Sea Limited. More…

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…

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

SEA Limited is an internet company operating in Southeast Asia that has attracted significant investor interest. Analysts have been bullish on SEA Limited’s performance, citing the company’s expanding consumer base, increasing revenue growth, and strong capitalization as reasons for the positive outlook. Prospective investors should also consider the company’s growing presence in the region as well as its potential to expand into new markets. With such positive growth metrics, SEA Limited appears to be an attractive investment opportunity.