Would you like to know more about the top 5 video gaming stocks to buy now? Great! We are here to present you with this arresting article of Insider Monkey. Due to the COVID-19 pandemic the world economy has had a tremendous drop this year. Nearly all the industries were enforced to lockdown or at least slow down. Millions of people have lost their jobs, and were marginalized. Under circumstances, only very few industries were able to go on with operating, and even fewer were so successful to be able to gain. One of the winner industries was the video game industry, as people had to go under self-isolation, and in order to be able to survive the stress of staying among the four walls, they bought and played with more and more video games.
After all this introduction, you must be eager to know which video game stocks are worth buying them. We have picked up two stocks from Insider Monkey’s list, giving you a short summarize. But if you are interested in more stocks to buy now, please check out the entire list of the top 5 video gaming stocks to buy now. At first, on the fourth spot here is Electronic Arts Inc. (NASDAQ:EA). Electronic Arts Inc. is owned by 62 hedge funds. Its cash flow is continuously growing, and reached $2 billion in the end of September. Consequently the company initiated a dividend for the first time and formed a share buyback program. Electronic Arts is followed by Sea Ltd (NYSE:SE). This is the top video gaming stock to by now, that has gained an extremely amazing 350% this year. Also, its hedge fund ownership increased by 400% in the year of 2019, and this year it hasn’t stopped growing with 95 hedge funds being long SE on September 30. Sea ltd began its career as a simple communication platform for gamers in the Southeast Asian market, then it started to publishing games and developing them. Building of its e-commerce is still growing, and it had an amazing sales of more than 1.5 billion in dollars in the third quarter of 2020. It had more than 572 million users monthly at the end of the third quarter, and an amazing 78% year-over-year increase.
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