Top 5 Video Gaming Stocks to Buy Now

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  1. Sea Ltd (NYSE:SE)
  2. The top video gaming stock to buy now is Sea Ltd (NYSE:SE), which has been an 11-bagger since its IPO in 2017, including 350% gains this year. Hedge fund ownership of SE rose by 400% last year and has continued to climb ever higher in 2020, with 95 hedge funds being long SE on September 30.

    Sea Ltd started off as a simple communication platform for gamers in the Southeast Asian market before the company successfully expanded into game publishing and eventually developing. It hasn’t stopped there however, building e-commerce and fintech platforms into its service to create what Tao Value called a “super app for ASEAN region” that has taken a leading market position in all three segments.

    On an adjusted basis, Sea Ltd would have pulled in $1.66 billion in sales in Q3, doubling its sales for the entire 2018 year in a single quarter. Monthly active users hit 572.4 million at the end of Q3, a 78% year-over-year increase, while digital entertainment bookings are expected to rise by a similar amount in 2020 to reach $3.1 billion.

    If you’re looking for some ironclad investment ideas that have stood the test of time, don’t miss the 15 Best Blue Chip Stocks to Buy Now.

    Disclosure: None.

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