It indicated the stock could fall to an average price of $63.132 per share on 29 March 2022. However, this service expected that the price of Sea Limited stock could rebound and reach $146.76 by the end of 2022, $199.06 by the end of 2023, and $251.77 by the end of 2024.
Similarly, Is Sea Chinese stock?
However, in Sea Limited (NYSE:SE), we have a stock that still offers all of the attractive growth of Asia, more specifically Southeast Asia, and has a much more limited regulatory risk than Chinese stocks.
Why SE stock drop? Why Was Sea Limited Stock Dropping? SE fell largely due to known issues. The video game segment has been struggling, and SE guided for the next year to see up to $3.1 billion in bookings. SE did guide for strong growth in e-commerce and financial services.
Thereof, Is the Sea losing money?
Since going public, Sea has never been profitable, and its losses are increasing. In 2020, the company’s net loss was $1.6 billion or a loss of $3.39 per share. In 2021, it lost $2 billion or $3.84 per share.
Does Sea Limited own Shopee?
Sea Limited is a consumer Internet company. The Company operates under three segments, namely digital entertainment, e-commerce, as well as digital payments and financial services. Its businesses include Garena, Shopee, and SeaMoney.
Is Sea Chinese company?
While Sea is based in Singapore, its founders are Chinese-born. The company is also backed by the Chinese technology and entertainment firm Tencent.
Who owns Sea Limited?
Sea has over 33,000 employees. Sea currently functions as a holding company for Garena, SeaMoney, and Shopee.
…
Sea Ltd.
| Type | Public |
|---|---|
| Founder | Forrest Li |
| Headquarters | Singapore |
| Area served | Worldwide |
| Key people | Forrest Li (Founder & CEO) Gang Ye (Director & COO) |
Is Sea Limited a Chinese company?
While Sea is based in Singapore, its founders are Chinese-born. The company is also backed by the Chinese technology and entertainment firm Tencent.
Who owns Sea group?
Forrest Li is our founder and has served as the chairman of our company and our group chief executive officer since our inception in May 2009. He is a member of the board of directors of the Singapore Economic Development Board, and serves as an independent non-executive director of Shangri-La Asia Limited.
Is Sea Limited profitable?
Summary. Sea Limited is a technology conglomerate consisting of digital entertainment, e-commerce, and digital financial services. The company is still not profitable, but can report extremely impressive growth rates in the last few quarters.
Is Sea Ltd listed in Singapore?
Sea currently functions as a holding company for Garena, SeaMoney, and Shopee. Since 2020, Sea is also the owner of Singapore Premier League football club Lion City Sailors FC, after Forrest Li acquired, privatised and renamed Home United.
…
Sea Ltd.
| Type | Public |
|---|---|
| Website | www.sea.com |
Is Sea Limited a holding company?
Sea Limited is a holding company that does not have substantive operations.
Who invested in Sea Ltd?
Top 10 Owners of Sea Ltd
| Stockholder | Stake | Total value ($) |
|---|---|---|
| Capital Research & Management Co…. | 3.93% | 2,344,989,338 |
| Fidelity Management & Research Co… | 3.00% | 1,789,927,922 |
| Tiger Global Management LLC | 2.78% | 1,658,404,238 |
| Jennison Associates LLC | 2.10% | 1,250,948,608 |
What does SE company do?
It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features, such as user chat and online forums.
Why is Sea Limited stock dropping?
Summary. Sea Limited is down an astounding 75% from all-time highs. The company closed out the year with rapid growth in e-commerce and projected strong growth to continue next year. On the flip side, the company guided to steep struggles in its video game segment.
Who are sea limited competitors?
Sea’s top competitors include Alibaba, Tencent, Ruckus Media Group and AppYea.
Who owns Sea stock?
Top 10 Owners of Sea Ltd
| Stockholder | Stake | Shares owned |
|---|---|---|
| T. Rowe Price Associates, Inc. (I… | 6.85% | 28,071,659 |
| Sands Capital Management LLC | 4.43% | 18,159,912 |
| Capital Research & Management Co…. | 3.93% | 16,105,696 |
| Fidelity Management & Research Co… | 3.00% | 12,293,461 |
Does Alibaba own Shopee?
Alibaba CEO Daniel Zhang Yong and co-founder Peng Lei flew into the region for meetings on a monthly basis. In 2016, when Shopee was still a fledgling firm, Alibaba acquired Lazada, which was at the time the largest e-commerce company in the region. Now, Shopee seems to have captured the lion’s share of the market.
Who funded Shopee?
Shopee’s parent company, Sea Group, filed for an initial public offering on the New York Stock Exchange (NYSE) in October 2017 for US$1 billion. Tencent is the main beneficiary of the Sea listing with a 20% share while Blue Dolphins Venture — an organization set up by founder Forrest Li — holds 15%.
Is SE profitable?
Quality Earnings: SE is currently unprofitable. Growing Profit Margin: SE is currently unprofitable.
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