5 Best Video Conferencing Stocks to Buy

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

No. of Hedge Fund Holders: 59

Zoom Video Communications, Inc. (NASDAQ: ZM) experienced exponential growth in popularity and revenue in 2020 thanks to its status as the most popular video conferencing service. One of the reasons for its popularity was that users could hold a free video conference with 100 guests for up to 40 minutes, something that other platforms like Skype did not offer. 

Zoom ranks first in our list of best video conferencing stocks to buy.

With an $848.5 million stake in Zoom, Philippe Laffont’s Coatue Management owns 2.5 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 59 hedge funds held stakes in ZM as of the end of the fourth quarter, versus 56 funds in the third quarter.

You can also take a peek at 10 Best Virtual Reality Stocks to Buy and 10 Best Games Coming in 2021. 

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