Billionaire Ray Dalio is Selling These 4 Tech Stocks in 2024

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

Number of Hedge Fund Holders: 41

Zoom Video Communications, Inc. (NASDAQ:ZM) has failed to maintain the momentum of the pandemic days, as the market keeps getting inundated with new video call software and companies urge people to work from offices. Ray Dalio’s Bridgewater sold 192,205 shares of Zoom Video Communications, Inc. (NASDAQ:ZM) in the first quarter, liquidating its entire position in the company.

Rosenblatt Securities recently raised Zoom Video Communications, Inc. (NASDAQ:ZM) rating to Buy from Neutral and gave a $75 price target.