4 Best Video Game Stocks To Invest in Now

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 262

Microsoft Corporation (NASDAQ:MSFT) launched the first Microsoft Xbox on November 19, 2001. Today we have the Xbox Series X, launched in 2020, which as of now runs over the most powerful hardware and allows compatibility for next-gen games. The Sony PlayStation 5 and the Microsoft Xbox Series X were the most-bought gaming consoles in 2021, and for the first time since their unveiling, the Microsoft Xbox Series X outsold the Sony PS5 in the first quarter of 2022.

This April, Citi analyst Tyler Radke raised his price target on Microsoft Corporation (NASDAQ:MSFT) to $364 from $355 and maintained a Buy rating on the shares, in light of the company’s strong third-quarter earnings for 2022.

As of December 31, 2021, Fisher Asset Management owns more than 26.8 million shares of Microsoft Corporation (NASDAQ:MSFT) which amounts to a stake value of $9.02 billion. The investment covers 5.05% of Ken Fisher’s hedge fund portfolio.

Motiwala Capital mentioned Microsoft Corporation (NASDAQ:MSFT) in its fourth-quarter 2021 investor letter, here is what the firm said:

“Microsoft (NASDAQ:MSFT) re-enters our portfolio after a long gap. MSFT sells enterprise and consumer software products as well as hardware products such as the Xbox video game console and Surface laptops. All business segments experienced double-digit revenue growth and earnings per share have compounded in the mid-double digits over the last 5 years. We believe MSFT continues this momentum in the years ahead.”