6 Best Video Game Stocks To Invest In

4. NetEase (NASDAQ:NTES)  

Number of Hedge Fund Investors: 35

NetEase (NASDAQ:NTES) is a leading Chinese technology company specializing in online services, with its core business in gaming, education, and e-commerce. The company’s gaming division develops and publishes popular mobile and PC games, both domestically and globally. NetEase (NASDAQ:NTES) has published more than 100 game products and is known for partnerships with major gaming companies such as Blizzard Entertainment.

NetEase (NASDAQ:NTES) has a strong pipeline of new game releases and recently launched new games, including Naraka: Bladepoint Mobile, in China in July, which received positive reviews. Additionally, the company’s Hero Shooter and Marvel Rival have also received positive feedback from players. The company has also launched Marvel Rivals on PlayStation 5 and Xbox Series X|S in addition to PC.

NetEase’s (NASDAQ:NTES) financial position is outstanding, with almost $19 billion in cash and equivalents against almost no debt. This financial strength allows the company to invest in R&D efforts and experiment with new game releases. The company’s financial strength and strong pipeline of new game releases make it an attractive investment opportunity. Industry analysts have a consensus for the stock’s Buy rating, with a median price target of $115.34, which suggests a potential upside of almost 20% from current levels.

As of the second quarter, 35 hedge funds own stakes in the company valued at $993.75 million. According to Insider Monkey’s hedge funds database, Orbis Investment Management is the largest shareholder, with stakes worth $182.28 million.