Hedge Funds Trade High Flyers Sea Limited, Shopify

Huge gains by the two stocks create buyers — and sellers.

Cole Burston/Bloomberg

Cole Burston/Bloomberg

When stocks soar, is it time to sell or stay along for the ride? Hedge funds have given a mixed response to that question for two of this year’s highest flyers: Sea Limited and Shopify.

Sea Limited, the Southeast Asian online media and e-commerce pioneer, has been on a tear this year, with shares up 221 percent year to date, as the company’s earnings have been better than expected.

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