Ensign Peak Advisors Inc Sells 27,927 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Ensign Peak Advisors Inc lessened its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,726 shares of the company's stock after selling 27,927 shares during the quarter. Ensign Peak Advisors Inc owned 0.20% of Zoom Video Communications worth $49,107,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ZM. Global X Japan Co. Ltd. increased its holdings 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. Avior Wealth Management LLC increased its holdings in Zoom Video Communications by 291.2% during the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after buying an additional 265 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Zoom Video Communications by 277.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock worth $29,000 after buying an additional 258 shares during the last quarter. Colonial Trust Co SC acquired a new position in Zoom Video Communications during the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. acquired a new position in Zoom Video Communications during the fourth quarter worth $39,000. Institutional investors own 66.54% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ZM shares. Benchmark restated a "buy" rating and set a $97.00 target price on shares of Zoom Video Communications in a report on Tuesday, February 25th. Morgan Stanley decreased 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 report on Wednesday, April 16th. Needham & Company LLC reiterated a "hold" rating on shares of Zoom Video Communications in a report on Tuesday, February 25th. UBS Group decreased their price objective on shares of Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Citigroup decreased their price objective on shares of Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $85.90.

Insider Transactions at Zoom Video Communications

In related news, insider Velchamy Sankarlingam sold 11,839 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $71.91, for a total value of $851,342.49. Following the completion of the transaction, the insider now owns 125,529 shares in the company, valued at $9,026,790.39. This trade represents a 8.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $78.82, for a total transaction of $195,079.50. Following the completion of the transaction, the director now owns 157,824 shares of the company's stock, valued at approximately $12,439,687.68. This trade represents a 1.54% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,515 shares of company stock valued at $12,132,994. 11.51% of the stock is currently owned by insiders.

Zoom Video Communications Trading Up 1.7%

Zoom Video Communications stock traded up $1.36 during trading hours on Monday, reaching $82.67. 2,096,591 shares of the stock were exchanged, compared to its average volume of 3,022,353. The company has a market cap of $25.23 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 5.48 and a beta of 0.79. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The stock has a 50 day moving average of $74.48 and a two-hundred day moving average of $79.36.

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.