5 Best Mobile Gaming Stocks to Buy Now

4. Electronic Arts Inc (NASDAQ:EA)

Number of Hedge Fund Holders: 46

Electronic Arts is a giant in the mobile gaming space, with some of the most popular games under its belt, including FIFA, NBA Live Mobile Basketball, F1 Mobile Racing, Real Racing 3, Apex Legends Mobile, among many others. Electronic Arts recently said it will reduce its workforce by 6% as the company’s board approved a restructuring plan.

In January, the company posted its fiscal third quarter results. GAAP EPS in the period came in at $0.73, beating estimates by $0.23.

As of the end of the last quarter of 2022, 46 hedge funds tracked by Insider Monkey had stakes in the company. The most significant shareholder of the company is Cliff Asness’ AQR Capital Management which owns an $85 million stake in the company.