4 Best Video Game Stocks To Invest in Now

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 279

Amazon.com, Inc. (NASDAQ:AMZN) might not ring bells when the gaming industry is being discussed, however, the company is among the best gaming stocks to invest in now. Amazon.com, Inc. (NASDAQ:AMZN) not only offers a leading platform for the sale and purchase of gaming products, but also owns and operates Amazon Game Studios, the company’s gaming subsidiary which is currently partnered up with video game giants such as Electronic Arts Inc. (NASDAQ:EA), Sony Group Corporation (NYSE:SONY), Epic Games, Rockstar Games, and Riot Games, among others. On April 28, 2022, Amazon.com, Inc. (NASDAQ:AMZN) reported earnings for the fiscal first quarter of 2022 in which it generated revenues of $116.44 billion, up 7.30% year over year.

Amazon.com, Inc. (NASDAQ:AMZN) is a top stock pick among elite hedge funds. At the end of the fourth quarter of 2021, 279 hedge funds were long Amazon.com, Inc. (NASDAQ:AMZN) with combined stakes of $49.16 billion. This is compared to 242 hedge funds in the previous quarter with stakes worth $42.55 billion.

Fisher Asset Management is the leading shareholder in Amazon.com, Inc. (NASDAQ:AMZN) as of the end of Q4 2021. The fund’s stakes in the e-commerce giant were valued at $7.22 billion which covers 4.04% of its 13F portfolio.

Here is what Oakmark Funds had to say about Amazon.com, Inc. (NASDAQ:AMZN)  in its first-quarter 2022 investor letter:

“Amazon is the leading e-commerce and cloud-computing provider in the world. In e-commerce, two-thirds of U.S. households are Amazon Prime subscribers, and over half of all online product searches now start on Amazon. We believe the company’s strong customer loyalty and massive infrastructure are significant barriers to entry in a growing e-commerce market. Separately, Amazon Web Services (AWS) controls nearly half of the market in cloud computing. We believe AWS has become utility-like in nature and scale, and we expect healthy growth moving forward as IT workloads continue moving to the cloud. More recently, concerns about rising investment spending have weighed on the stock-as they have in times past-providing us another opportunity to purchase shares at an attractive multiple of normalized earnings and a discount to its peer-weighted enterprise value-to-sales multiple.”

You can also take a look at 15 Most Valuable Gaming Companies in the World and 10 Best Metaverse ETFs To Buy.

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