06 Technology Reports $25.8M Stake in Global Business Travel Group

TL;DR

**06 Technology just disclosed a $25.8M stake in Global Business Travel Group, signaling a potential rebound in corporate travel.**

AI Summary

This 13F-HR filing from 06 Technology, dated February 6, 2024, reveals that as of December 31, 2023, they held 4,000,000 shares of GLOBAL BUSINESS TRAVEL GROUP COM CL A, valued at $25,800,000. This matters to Zoom Video Communications, Inc. shareholders because it indicates a significant institutional investment in a related business travel entity, potentially signaling confidence in the return of business travel, which could indirectly benefit Zoom's enterprise communication tools.

Why It Matters

This filing shows a substantial institutional investment in a business travel company, which could signal a positive outlook for corporate travel and, by extension, demand for Zoom's enterprise communication solutions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of holdings and does not indicate any direct financial risk to Zoom Video Communications, Inc.

Analyst Insight

Investors should monitor the performance of business travel companies and related sectors, as their recovery could indicate broader economic trends that might impact Zoom's enterprise segment. This filing itself doesn't directly impact Zoom's financials but offers a peripheral data point.

Key Numbers

• $25.8M — Market Value of Holdings (The total value of GLOBAL BUSINESS TRAVEL GROUP COM CL A shares held by 06 Technology as of December 31, 2023.)
• 4,000,000 — Shares Held (The number of GLOBAL BUSINESS TRAVEL GROUP COM CL A shares held by 06 Technology.)
• 20231231 — Period of Report End Date (The date for which the reported holdings are accurate.)
• 20240206 — Filing Date (The date the 13F-HR was filed with the SEC.)

Key Players & Entities

• 06 Technology (company) — the filer of the 13F-HR
• GLOBAL BUSINESS TRAVEL GROUP COM CL A (company) — the security held by 06 Technology
• Kelly Steckelberg (person) — Chief Financial Officer of Zoom Video Communications, Inc. and signatory of the filing
• $25,800,000 (dollar_amount) — the market value of the shares held
• Zoom Video Communications, Inc. (company) — the company associated with the filing, though not the direct filer of this specific 13F-HR

Forward-Looking Statements

• Increased institutional interest in business travel companies like Global Business Travel Group could indirectly signal a positive trend for enterprise communication platforms such as Zoom. (Zoom Video Communications, Inc.) — medium confidence, target: Next 12 months

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 1KB
• 0001104659-24-011134.txt ( ) — 4KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Zoom Video Communications, Inc. Address: 55 Almaden Boulevard, 6th Floor San Jose , CA   95113 Form 13F File Number: 028-21613 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Kelly Steckelberg Title: Chief Financial Officer Phone: 888-799-9666 Signature, Place, and Date of Signing: /s/ Kelly Steckelberg San Jose ,  CA 02-06-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 1 Form 13F Information Table Value Total: 25,800,000 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE