|Bid||120.67 x 1400|
|Ask||121.00 x 800|
|Day's range||118.45 - 122.38|
|52-week range||26.41 - 129.72|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||N/A|
|Earnings date||18 May 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||113.11|
Global e-commerce grew 20.7% in 2019, according to eMarketer. Two stocks that are seeing explosive growth as consumers migrate online is Sea Limited (NYSE: SE) and Etsy (NASDAQ: ETSY). Another way to ride the growth of e-commerce is PayPal Holdings (NASDAQ: PYPL), one of the leaders in mobile payments.
What happened Shares of Singapore-based e-commerce, payments, and online gaming company Sea Limited (NYSE: SE) continued their fantastic run higher on Wednesday, rising more than 12% in early trading and remaining up 10.
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Sea Limited Sponsored ADR (SE) closed at $112.90 in the latest trading session, marking a -1.32% move from the prior day.
The Southeast Asian online services giant continued to rise on the momentum it built from January to May.
(Bloomberg) -- Google and Temasek Holdings Pte are in negotiations to join a funding round of between $500 million and $1 billion for Indonesian e-commerce giant PT Tokopedia, according to people familiar with the matter.Tokopedia, the online marketplace backed by SoftBank Group Corp.’s Vision Fund, has held talks with U.S. internet giants including Facebook Inc., Microsoft Corp. and Amazon.com Inc., the people said. But Google and Temasek have been more active in their negotiations and those talks may conclude in coming weeks, they said, asking not to be identified because the discussions are private.America’s largest internet corporations have looked increasingly toward Asia as growth in the U.S. and Europe slows, seeking to tap the region’s rapidly growing smartphone-savvy population. Facebook is buying a stake in India’s Jio Platforms, while its WhatsApp unit struck a deal last month to invest in ride-hailing and food delivery giant Gojek. Representatives for Tokopedia and Temasek declined to comment. Google didn’t respond to an email seeking comment.The backing of Alphabet Inc.’s Google and Singaporean state investment firm Temasek would mark a major boost for one of Southeast Asia’s biggest e-commerce operators. Tokopedia co-founder and Chief Executive Officer William Tanuwijaya built the country’s most valuable startup after Gojek after scoring early backing from SoftBank founder Masayoshi Son and Alibaba Group Holding Ltd. co-founder Jack Ma. It now plans to list shares at home as well as in another as-yet-undecided location, Tanuwijaya told Bloomberg News in October.Read more: SoftBank’s Bet on Sharing Economy Backfires With CoronavirusTokopedia came close to finalizing its latest financing this year before news emerged of a recent data theft attempt that may have affected 15 million of its users, one of the people said. It was also held back by the Covid-19 pandemic, which is rapidly changing the online shopping landscape in the world’s fourth most populous nation.E-commerce platforms are now moving quickly to serve the millions of people forced to make their first online purchases during widespread lockdowns. Singapore-based rival Shopee -- a unit of Sea Ltd. -- is catching up, while Alibaba last month appointed a longtime veteran to head up Lazada and “fight harder” as competition heats up.Indonesia has become a key battleground between the regional rivals: The country’s e-commerce market is projected to expand from $21 billion in 2019 to $82 billion by 2025, according to a recent study by Google, Temasek and Bain & Co.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares of Sea Limited (NYSE: SE) were gaining today after the provider of online gaming and e-commerce services in Southeast Asia got a bullish analyst note. Stephens analyst Jeff Cohen initiated coverage on Sea Tuesday night with an overweight rating and a price target of $130, representing 21% upside from Tuesday's closing price. With its focus on digital gaming, e-commerce, and mobile payments, Sea's businesses seem like beneficiaries as social distancing and spending more time at home should lead to increases in online gaming and e-commerce.
(Bloomberg) -- Alibaba Group Holding Ltd. has appointed a longtime veteran to replace Pierre Poignant as Lazada Group Chief Executive Officer, the latest top-level reshuffle at the Chinese e-commerce titan’s Southeast Asian operation.Chun Li, who currently runs Lazada’s Indonesian business, will take the reins from July, Lazada said in a statement. Li served as chief technology officer for Alibaba’s business-to-business division between 2014 and 2017 before joining Lazada. He was a chief architect of the firm’s technology platform and currently serves as a Lazada president, the Singapore-based company said.Lazada has gone through frequent management shuffles since getting absorbed by Alibaba. Poignant, who co-founded Lazada for Rocket Internet in 2012, was promoted to CEO in 2018 and will now become special assistant to Alibaba CEO Daniel Zhang.“Over the past three years, at the regional and country level as well as on the technology and business fronts, I had a full view of both the enormous opportunities as well as challenges facing us,” Li said in an email to staff on Friday. He said Lazada will double down on technology investment in the region. “With a customer-first mindset, we will strategize better, work smarter and fight harder.”Read more: How Alibaba’s Lazada Turned Discarded Vegetables Into a BusinessLazada was the first e-commerce outfit to serve six countries in Southeast Asia. The company has grown into an instrumental facet of Alibaba’s push to expand beyond its home market, spearheading the Chinese firm’s thrust into a region that’s one of the world’s fastest-growing e-commerce and digital payments arenas. Lazada aims to serve 300 million Southeast Asians by 2030, up from 65 million now, Poignant told Bloomberg News earlier this year.But fiercest rival Shopee, a unit of Tencent Holdings Ltd.-backed Sea Ltd., has expanded aggressively in the past year and overtaken Lazada as the region’s most visited website in 2019, according to research firm iPrice Group. In Indonesia, the largest and most promising market, Alibaba-backed Tokopedia ranks as the top e-commerce company based on web traffic, followed by Shopee, Bukalapak and Lazada.“The fundamental shift in global business environment as a result of Covid-19 has created new expectations for Lazada in how to better serve our customers and create value. Under Chun’s leadership, I believe we will broaden our horizons and further leverage our technology,” Lazada Chairwoman Lucy Peng said in a statement.Read more: New Alibaba Chief Explains Why He Wants to Kill His Own Business(Updates with incoming CEO’s comments from the fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Keep reading to see why Etsy (NASDAQ: ETSY), Sea Limited (NYSE: SE), and Prologis (NYSE: PLD) are all e-commerce stocks worth buying today. Like an online flea market, Etsy creators sell everything from jewelry to clothes to home decor to customizable products like wedding invitations. Amazon launched its own copycat platform years ago, Handmade, but it's since become clear that Etsy dominates this space, and Amazon has bigger areas to focus on.
Afterpay, Sea Limited, and Blue Prism might be foreign names to a lot of Americans, but these high-growth stocks are bringing products to our country right now.
Sea's (SE) first-quarter 2020 results benefit from a solid uptick in digital entertainment and e-commerce segments amid the coronavirus chaos.
What happened Shares of Sea Limited (NYSE: SE) have popped today, up by 11% as of 1:15 p.m. EDT, after the company reported first-quarter earnings. The results missed expectations, but the mobile gaming and e-commerce specialist continues to put up impressive growth figures.
Image source: The Motley Fool. Sea Limited (NYSE: SE)Q1 2020 Earnings CallMay 18, 2020, 7:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and good evening.
While I'm still getting to know the company, there's enough to like that it warrants an investment by me. The "Sea" in Sea Limited comes from the company's geographical focus: Southeast Asia -- namely Singapore, Indonesia, Vietnam, Malaysia, Thailand, Taiwan, and the Philippines. Beyond that, don't try to put Sea Limited in a box.
Whenever internet commerce is mentioned, first thoughts often go to Amazon (NASDAQ: AMZN), the king of all e-commerce. Amazon is not only a great stock to own, but it's also a fearsome competitor. While it was the COVID-19 pandemic that finished that company off, it was internet retail that inflicted much of the damage that weakened it beforehand.
Sea Limited's (SE) first-quarter results are likely to reflect a strong momentum in digital entertainment and ecommerce businesses despite the coronavirus chaos.