5 Technology Stocks to Invest in According to Billionaire Paul Tudor Jones

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In this piece, we will take a look at the top five technology stocks to invest in according to billionaire Paul Tudor Jones. If you want to get the details about the hedge fund and other stocks, then head on to 10 Technology Stocks to Invest in According to Billionaire Paul Tudor Jones.

5. Zoom Video Communications, Inc. (NASDAQ:ZM)

Tudor Investment Corp’s Stake Value: $20.8 million

Percentage of Tudor Investment Corp’s 13F Portfolio: 0.34%

Number of Hedge Fund Holders: 48

Zoom Video Communications, Inc. (NASDAQ:ZM) is a video communications platform provider based in the United States. The company’s software application allows the general public and professionals users to virtually interact with each other in the form of video calls, chats, and more.

Mr. Tudor’s investment firm owned 113,356 Zoom Video Communications, Inc. (NASDAQ:ZM) shares by the end of last year’s fourth quarter. These were worth $20.8 million and they represented 0.34% of the company’s portfolio. During the same time period, 48 of the 924 hedge funds polled by Insider Monkey had also invested in the firm.

Zoom Video Communications, Inc. (NASDAQ:ZM) reported $1 billion in revenue and $1.29 in non-GAAP EPS, beating analyst estimates for both. Benchmark set a $124 price target for the company in March 2022, stating that this was conservative and the full forecast implies a price target of $198.

Zoom Video Communications, Inc. (NASDAQ:ZM)’s largest investor is Catherine D. Wood’s ARK Investment Management which owns 6.8 million shares worth $1.2 billion.

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