5 Best Tech and Dividend Stocks to Buy According to Billionaire Chase Coleman

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

Value: $ 487,418,000
No. of hedge Fund Holders: 59

Zoom Video Communications, Inc. (NASDAQ: ZM) is one of the best tech stocks to buy in Chase Colman’s Q4 portfolio.

The company generated $882.5 million in revenue in Q4 2020 with an impressive 369% YoY gain. Its revenue for the entire fiscal year 2020 was $2.6 billion, representing a 326% YoY gain. Zoom’s GAAP net income from operations in Q4 2020 was $256.1 million, a 2327% gain compared to Q4 2019. Its operations GAAP income for the full year was $659.8 million, a whopping 5,097% gain YoY.

Zoom Video Communications, Inc. (NASDAQ: ZM) has added new features to ensure more growth such as Immersive View, which enables virtual backgrounds. It also launched a $100 million Zoom Apps fund whose aim is to facilitate further development of the platform, including developing more apps and better integration.

You can also take a peek at Top 15 Dividend Stocks With Upside Potential and 10 Blue Chip Dividend Stocks Hedge Funds Are Buying. 

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