Sea Limited Sponsored ADR (SE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this company have returned +8.5%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Internet - Software industry, which Sea Limited falls in, has gained 3.6%. The key question now is: What could be the stock's future direction? Although medi ...

Robert Way Introduction Three months ago, I wrote an article on Sea Limited (NYSE:SE), highlighting that the market is still in 'disbelief' and that the stock has much more room to run despite its sharp rally. Since that article, the stock is up another 20%, and since its bottom in January, it's up more than 100%. Considering the stock's recent run, bulls might feel the urge to take some profits and reinvest the proceeds elsewhere. But before you hit that sell button, let me talk about why it might be a bet ...

Luxembourg – 25 May 2024 - Subsea7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Serica Energy, for the Belinda field development south-east of the Triton FPSO. The Belinda field is operated by Serica Energy and located approximately 190 kilometres east of Aberdeen in the UK Central North Sea, with a water depth of 95 metres. The contract scope includes project management, engineering, procurement, construction and installation (EPCI) of a 5-kilometre 8" production ...

Amazon stock has soared fivefold since 2016, but if you missed out on those gains, Sea Limited might offer another chance. Amazon (AMZN 0.58%) was founded in 1994 to sell products using the Internet. Since then, it has become the dominant player in the e-commerce industry. However, the company has also expanded into other areas, such as cloud computing, streaming, and digital advertising. Shares of Amazon have climbed more than fivefold since 2016, and while e-commerce remains the company's largest source o ...

Sea Limited has returned to double-digit revenue growth on an overall basis. Sea Limited (SE 3.25%) may finally benefit from its role as the premier e-commerce conglomerate in Southeast Asia. Much like Amazon in the U.S. and MercadoLibre in Latin America, it is the leading e-commerce company in its respective region. That helped the stock peak above $372 at the height of the 2021 bull market. Unfortunately, missteps such as expanding Shopee's e-commerce operations outside of Southeast Asia and the reduced p ...

There have been multiple catalysts for MercadoLibre in recent years, but one can't overlook how much more compelling the e-commerce platform is today compared to years past. In Q1 2019, less than half of the items on the company's platform could be delivered in 48 hours or less. Now it even offers same-day shipping in certain cases with 52% of Q1 2024 shipments arriving on the same day or next day. Reducing delivery times can help drive adoption. For those who have been holding shares of Latin American e-co ...

Despite Sea Limited's soaring cash flow, its shares are trading at a reasonable price. A solid first-quarter report recently boosted shares of Sea Limited (SE 3.98%). The company also convinced several Wall Street analysts that its business is worth more than its market valuation. Benchmark analyst Fawne Jiang recently raised her price target for the e-commerce, entertainment, and finance conglomerate to $87 per share. The new target implies a gain of about 31% from recent prices. Some good reasons to be bu ...

Sea Limited's growth story might be back on track. In this video, I will go over Sea Limited's (SE 4.01%) earnings report, explain why the stock is up 66% this year, and make some predictions for investors. *Stock prices used were from the trading day of May 14, 2024. The video was published on May 15, 2024. ...

Sea Limited (SE) reported earnings of 21 cents per share in first-quarter 2024, missing the Zacks Consensus Estimate of 41.67%. The company posted earnings of 61 cents per share in the year-ago quarter. The company's shares have gained 63.6% year to date compared with the Zacks Computer & Technology sector's rise of 12.5%. Top-Line Details Digital entertainment revenues totaled $458 million, missing the Zacks Consensus Estimate by 15.31% and declining 15% year over year. In the first quarter, Garena experie ...

Exhibit 99.1 1 ○ Total GAAP revenue was US$3.7 billion, up 22.8% year-on-year. ○ Total gross profit was US$1.6 billion, up 9.7% year-on-year. ○ Total net loss was US$23.0 million, as compared to total net income of US$87.3 million for the first quarter of 2023. ○ Total adjusted EBITDA1 was US$401.1 million, as compared to US$507.2 million for the first quarter of 2023. ○ As of March 31, 2024, cash, cash equivalents, short-term investments, and other treasury investments 2 were US$8.6 billion, representing a ...