5 Best Gaming Stocks to Buy Now

3. Bilibili Inc. (NASDAQ: BILI)

Number of Hedge Fund Holders: 53

Bilibili Inc. (NASDAQ: BILI) is a provider of online entertainment services in China. The company’s platform has content like video services, mobile games, value-added services, and ACG-related comic and audio content. It ranks 3rd on our list of the best gaming stocks to buy now.

This May, Bilibili Inc. (NASDAQ: BILI) rose in light of strong Q1 results where the company beat top and bottom-line estimates and offering promising Q2 guidance. For the second quarter, Bilibili Inc. (NASDAQ: BILI) is expecting between $657 million to $673 million in revenue. This April, the stock was upgraded to Outperform at Credit Suisse as well. In the first quarter of 2021, Bilibili Inc. (NASDAQ: BILI) had an EPS of -$0.39, beating estimates by $0.06. The company’s revenue was $604.71 million beat estimates by $21.66 million and represented an 85.43% growth year over year. It has a gross profit margin of 23.91% and the stock has gained 46.48% in the past 6 months and 32.53% year to date.

By the end of the first quarter of 2021, 53 hedge funds held stakes in Bilibili Inc. (NASDAQ: BILI) worth roughly $30.1 billion. This is compared to 46 hedge fund holders in the previous quarter with a total stake value of approximately $30.8 billion.