Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 49,543 shares of the company’s stock after purchasing an additional 1,752 shares during the period. MUFG Securities EMEA plc’s holdings in Zoom Video Communications were worth $3,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Zoom Video Communications in the 4th quarter valued at $164,224,000. Acadian Asset Management LLC boosted its position in shares of Zoom Video Communications by 639.9% in the 3rd quarter. Acadian Asset Management LLC now owns 1,629,081 shares of the company’s stock valued at $113,916,000 after purchasing an additional 1,408,908 shares during the period. Vanguard Group Inc. boosted its position in shares of Zoom Video Communications by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company’s stock valued at $1,587,326,000 after purchasing an additional 1,000,005 shares during the period. ARK Investment Management LLC lifted its position in Zoom Video Communications by 7.7% during the 4th quarter. ARK Investment Management LLC now owns 10,964,576 shares of the company’s stock worth $788,463,000 after acquiring an additional 781,663 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Zoom Video Communications by 5,787.2% during the 4th quarter. International Assets Investment Management LLC now owns 583,190 shares of the company’s stock worth $41,937,000 after acquiring an additional 573,284 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

NASDAQ:ZM traded up $0.59 during trading hours on Friday, reaching $63.01. 7,322,418 shares of the company traded hands, compared to its average volume of 3,156,012. The firm’s 50-day moving average is $63.06 and its 200-day moving average is $65.91. The stock has a market cap of $19.38 billion, a P/E ratio of 23.51, a P/E/G ratio of 10.92 and a beta of -0.05. Zoom Video Communications, Inc. has a 1-year low of $58.87 and a 1-year high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.34. Zoom Video Communications had a return on equity of 10.55% and a net margin of 18.37%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, research analysts predict that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current year.

Insider Buying and Selling at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 1,553 shares of Zoom Video Communications stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $108,710.00. Following the sale, the insider now directly owns 71,956 shares of the company’s stock, valued at $5,036,920. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Velchamy Sankarlingam sold 1,553 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total value of $108,710.00. Following the completion of the sale, the insider now directly owns 71,956 shares of the company’s stock, valued at $5,036,920. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kelly Steckelberg sold 5,007 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $59.36, for a total value of $297,215.52. The disclosure for this sale can be found here. Insiders have sold 101,170 shares of company stock valued at $6,356,101 over the last three months. 10.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ZM shares. Citigroup increased their price objective on Zoom Video Communications from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Wells Fargo & Company cut their target price on Zoom Video Communications from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Tuesday, May 21st. Robert W. Baird cut their target price on Zoom Video Communications from $90.00 to $84.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Rosenblatt Securities increased their target price on Zoom Video Communications from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a research note on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $76.18.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers 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; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.