Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 188,692 shares of the company's stock after selling 78,327 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.06% of Zoom Video Communications worth $15,437,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ZM. Global X Japan Co. Ltd. grew its stake in Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock worth $28,000 after buying an additional 190 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Zoom Video Communications by 277.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock worth $29,000 after buying an additional 258 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after acquiring an additional 265 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Zoom Video Communications during the fourth quarter valued at approximately $39,000. Finally, MRP Capital Investments LLC lifted its holdings in Zoom Video Communications by 500.0% during the 4th quarter. MRP Capital Investments LLC now owns 600 shares of the company's stock worth $49,000 after buying an additional 500 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

Zoom Video Communications Price Performance

NASDAQ ZM traded down $0.84 during trading on Wednesday, reaching $76.71. 367,793 shares of the company's stock traded hands, compared to its average volume of 3,033,992. The firm has a market cap of $23.41 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 5.48 and a beta of 0.67. The company's 50 day simple moving average is $73.90 and its two-hundred day simple moving average is $78.78. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80.

Insider Activity at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 11,839 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $71.91, for a total transaction of $851,342.49. Following the completion of the transaction, the insider now directly owns 125,529 shares of the company's stock, valued at $9,026,790.39. This represents a 8.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric S. Yuan sold 83,332 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $86.28, for a total transaction of $7,189,884.96. The disclosure for this sale can be found here. Insiders have sold 245,372 shares of company stock valued at $19,127,800 in the last ninety days. Corporate insiders own 10.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ZM shares. Benchmark reaffirmed a "buy" rating and set a $97.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Cantor Fitzgerald restated a "neutral" rating and issued a $87.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. Rosenblatt Securities decreased their price objective on Zoom Video Communications from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Morgan Stanley cut their price objective on shares of Zoom Video Communications from $96.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $85.90.

Zoom Video Communications 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.