HM Payson & Co. Trims Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)


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HM Payson & Co. decreased its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,146 shares of the company’s stock after selling 219 shares during the period. HM Payson & Co.’s holdings in Zoom Video Communications were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ZM. Global Wealth Management Investment Advisory Inc. grew its position in shares of Zoom Video Communications by 11.6% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 240 shares of the company’s stock valued at $81,000 after acquiring an additional 25 shares during the period. Berman Capital Advisors LLC boosted its holdings in Zoom Video Communications by 13.9% in the 4th quarter. Berman Capital Advisors LLC now owns 229 shares of the company’s stock worth $76,000 after buying an additional 28 shares during the last quarter. Moseley Investment Management Inc. boosted its holdings in Zoom Video Communications by 2.3% in the 4th quarter. Moseley Investment Management Inc. now owns 1,309 shares of the company’s stock worth $442,000 after buying an additional 30 shares during the last quarter. Calamos Advisors LLC boosted its holdings in Zoom Video Communications by 0.6% in the 4th quarter. Calamos Advisors LLC now owns 5,421 shares of the company’s stock worth $1,829,000 after buying an additional 35 shares during the last quarter. Finally, CNB Bank boosted its holdings in Zoom Video Communications by 53.2% in the 4th quarter. CNB Bank now owns 121 shares of the company’s stock worth $41,000 after buying an additional 42 shares during the last quarter. Institutional investors own 37.97% of the company’s stock.

ZM has been the topic of several research analyst reports. Rosenblatt Securities lifted their price objective on Zoom Video Communications from $350.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, March 8th. JPMorgan Chase & Co. lowered shares of Zoom Video Communications from an “overweight” rating to a “neutral” rating and set a $450.00 target price on the stock. in a research note on Wednesday, December 9th. Zacks Investment Research lowered shares of Zoom Video Communications from a “buy” rating to a “hold” rating and set a $354.00 target price on the stock. in a research note on Monday, March 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Zoom Video Communications in a research note on Thursday, April 1st. They issued a “hold” rating and a $360.00 target price on the stock. Finally, Daiwa Capital Markets began coverage on shares of Zoom Video Communications in a research note on Wednesday, March 31st. They issued a “sell” rating and a $250.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $423.62.

Zoom Video Communications stock opened at $323.08 on Thursday. Zoom Video Communications, Inc. has a fifty-two week low of $112.50 and a fifty-two week high of $588.84. The firm has a 50 day moving average price of $350.72 and a 200 day moving average price of $409.76. The company has a market capitalization of $94.89 billion, a PE ratio of 414.21, 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, February 28th. The company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.43. Zoom Video Communications had a net margin of 17.10% and a return on equity of 27.93%. The firm had revenue of $882.49 million during the quarter, compared to the consensus estimate of $810.97 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 368.8% on a year-over-year basis. As a group, research analysts predict that Zoom Video Communications, Inc. will post 1.83 earnings per share for the current year.

In other Zoom Video Communications news, COO Aparna Bawa sold 2,593 shares of the business’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $320.05, for a total value of $829,889.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 70,142 shares of the business’s stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $381.38, for a total transaction of $26,750,755.96. Following the completion of the transaction, the chief executive officer now owns 177,284 shares of the company’s stock, valued at approximately $67,612,571.92. The disclosure for this sale can be found here. Insiders sold a total of 434,712 shares of company stock valued at $154,584,330 in the last quarter. 24.25% of the stock is owned by insiders.

About Zoom Video Communications

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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