SEA Limited (SE) is currently down 20% from its peak of $372.70 per share, owing to a sell-off in numerous technology stocks. The pullback has continued since SEA released its third-quarter results on November 16, 2021, which indicates a miss on expectations. Having said that, since our previous analysis of SE in April 2021, the stock is still up 25%, which is rather impressive. Diving into SE’s 3Q2021 earnings report, we’ll investigate what has led its stock price to plummet following months of gains. Let’s find out if the sell-off was caused by a shift in the company’s fundamentals or simply by investor emotion, and whether you should be holding, adding or selling your positions. SEA 3Q21 earnings highlights Between 3Q20 to 3Q21, SE’s total revenue climbed by 121.8% to US$2.7b. This increase is driven by SE’s primary segments; Digital Entertainment and E-commerce....