Billionaire Stanley Druckenmiller Just Dumped These 5 Stocks

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

Number of Hedge Fund Shareholders: 48

17% of Zoom Video Communications, Inc. (NASDAQ:ZM)’s hedge fund shareholders sold out of the stock during Q4, including Stanley Druckenmiller’s firm, which sold off its 117,690 shares a quarter after purchasing them.

Zoom Video Communications, Inc. (NASDAQ:ZM) was one of the biggest pandemic winners of 2020, with shares gaining over 400%. They’ve since fallen by 63%, giving back the vast majority of those gains as the effects of the pandemic begin to subside and competition in the video conferencing and remote workspaces heats up. Zoom shares have also fallen victim to the investor flight from growth stocks in recent months.

That could make them a bargain at current prices, as the company’s performance hasn’t warranted the mass selloff. Zoom Video Communications, Inc. (NASDAQ:ZM) shares now trade at just 10x sales and the company has doubled its revenue and boosted its free cash flow by 59% during a period in which its shares have sunk by 78%.