Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,662,680 shares of the company's stock after purchasing an additional 115,802 shares during the period. Dimensional Fund Advisors LP owned 0.54% of Zoom Video Communications worth $135,707,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. FMR LLC increased its position in shares of Zoom Video Communications by 2.3% during the fourth quarter. FMR LLC now owns 12,727,532 shares of the company's stock valued at $1,038,694,000 after purchasing an additional 282,645 shares during the period. Norges Bank acquired a new position in shares of Zoom Video Communications in the 4th quarter valued at $751,908,000. Geode Capital Management LLC lifted its holdings in shares of Zoom Video Communications by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 4,624,160 shares of the company's stock worth $377,429,000 after acquiring an additional 28,725 shares during the period. Renaissance Technologies LLC raised its position in Zoom Video Communications by 9.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,304,848 shares of the company's stock worth $351,319,000 after purchasing an additional 380,900 shares in the last quarter. Finally, FIL Ltd lifted its stake in Zoom Video Communications by 3.7% during the fourth quarter. FIL Ltd now owns 3,012,007 shares of the company's stock worth $245,810,000 after purchasing an additional 108,075 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on Zoom Video Communications from $85.00 to $75.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Barclays decreased their price objective on shares of Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Stifel Nicolaus reduced their target price on Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating on the stock in a report on Tuesday, February 25th. UBS Group dropped their price target on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zoom Video Communications in a report on Tuesday, February 25th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.90.

Insider Transactions at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 75,531 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.98, for a total transaction of $5,663,314.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Aparna Bawa sold 16,099 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $72.59, for a total value of $1,168,626.41. Following the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $143,583.02. This trade represents a 89.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 245,372 shares of company stock worth $19,127,800 over the last three months. 10.78% of the stock is currently owned by insiders.

Zoom Video Communications Price Performance

NASDAQ ZM traded down $0.81 during midday trading on Wednesday, hitting $76.74. 697,071 shares of the company traded hands, compared to its average volume of 3,035,308. The company's 50-day simple moving average is $73.90 and its 200-day simple moving average is $78.78. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80. The company has a market cap of $23.42 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 5.48 and a beta of 0.67.

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.