Blair William & Co. IL Boosts Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)


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Blair William & Co. IL lifted its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,811 shares of the company’s stock after purchasing an additional 4,910 shares during the period. Blair William & Co. IL’s holdings in Zoom Video Communications were worth $43,113,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ZM. BlackRock Inc. increased its stake in shares of Zoom Video Communications by 81.3% during the third quarter. BlackRock Inc. now owns 8,911,963 shares of the company’s stock valued at $4,189,600,000 after purchasing an additional 3,995,923 shares in the last quarter. SB Management Ltd bought a new stake in shares of Zoom Video Communications during the third quarter valued at approximately $1,800,851,000. Jennison Associates LLC increased its position in shares of Zoom Video Communications by 44,853.3% during the fourth quarter. Jennison Associates LLC now owns 1,354,892 shares of the company’s stock valued at $457,032,000 after acquiring an additional 1,351,878 shares in the last quarter. State Street Corp increased its position in shares of Zoom Video Communications by 29.9% during the third quarter. State Street Corp now owns 3,479,409 shares of the company’s stock valued at $1,635,705,000 after acquiring an additional 801,813 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in shares of Zoom Video Communications by 420.2% during the fourth quarter. State of Wisconsin Investment Board now owns 478,625 shares of the company’s stock valued at $161,450,000 after acquiring an additional 386,625 shares in the last quarter. Institutional investors own 37.97% of the company’s stock.

In other Zoom Video Communications news, Director Jonathan Chadwick sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $400.40, for a total value of $4,004,000.00. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $4,004,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bart Swanson sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $368.45, for a total transaction of $736,900.00. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $736,900. The disclosure for this sale can be found here. Insiders have sold a total of 152,284 shares of company stock worth $59,679,622 over the last quarter. 24.25% of the stock is currently owned by insiders.

A number of research firms have commented on ZM. Rosenblatt Securities cut their target price on shares of Zoom Video Communications from $450.00 to $435.00 and set a “neutral” rating for the company in a research report on Tuesday, December 1st. Morgan Stanley lifted their target price on shares of Zoom Video Communications from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 1st. Royal Bank of Canada dropped their price target on shares of Zoom Video Communications from $600.00 to $550.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 1st. Stifel Nicolaus lifted their price target on shares of Zoom Video Communications from $400.00 to $450.00 and gave the stock a “hold” rating in a research note on Tuesday, December 1st. They noted that the move was a valuation call. Finally, Wells Fargo & Company dropped their price target on shares of Zoom Video Communications from $465.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $435.17.

Zoom Video Communications stock opened at $372.35 on Tuesday. The company’s 50-day moving average price is $390.00 and its 200-day moving average price is $406.59. Zoom Video Communications, Inc. has a twelve month low of $97.02 and a twelve month high of $588.84. The company has a market cap of $106.49 billion, a PE ratio of 505.56, a price-to-earnings-growth ratio of 12.42 and a beta of -1.46.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Sunday, November 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.23. Zoom Video Communications had a net margin of 17.10% and a return on equity of 27.93%. The firm had revenue of $777.20 million for the quarter, compared to the consensus estimate of $694.13 million. During the same period in the previous year, the firm posted $0.09 EPS. The business’s quarterly revenue was up 366.5% on a year-over-year basis. As a group, sell-side analysts forecast that Zoom Video Communications, Inc. will post 1.83 earnings per share for the current year.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company's product portfolio includes Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables sharing messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.

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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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