In this article we discuss the 5 best entertainment stocks to invest in. If you want to read our detailed analysis of these companies, go directly to the 10 Best Entertainment Stocks to Invest In.
5. Zynga Inc. (NASDAQ: ZNGA)
Number of Hedge Fund Holders: 47
Zynga Inc. (NASDAQ: ZNGA) is an electronic gaming & multimedia company based in San Francisco, California. It is ranked fifth on our list of 10 best entertainment stocks to invest in. The company’s shares have returned 0.86% to investors over the course of the past year. On May 5, Zynga Inc. (NASDAQ: ZNGA) posted earnings for the first quarter of 2021, reporting earnings per share of $0.13, beating estimates by $0.04. The revenue over the period was around $680.3 million, up 68.47% year-over-year.
At the end of the first quarter of 2021, 47 hedge funds in the database of Insider Monkey held stakes worth $1.14 billion in Zynga Inc. (NASDAQ: ZNGA).
On May 6, BofA upgraded Zynga Inc. (NASDAQ: ZNGA) to Buy from Neutral rating with a $13.5 price target, citing “strong” Q1 result with organic growth.