111 Capital Makes New Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

111 Capital bought a new position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 5,590 shares of the company's stock, valued at approximately $456,000.

A number of other large investors also recently added to or reduced their stakes in ZM. Adero Partners LLC increased its position in shares of Zoom Video Communications by 2.4% during the fourth quarter. Adero Partners LLC now owns 5,509 shares of the company's stock valued at $450,000 after buying an additional 129 shares during the period. Principal Securities Inc. increased its position in shares of Zoom Video Communications by 26.9% during the fourth quarter. Principal Securities Inc. now owns 783 shares of the company's stock valued at $64,000 after buying an additional 166 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Zoom Video Communications by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,040 shares of the company's stock valued at $330,000 after buying an additional 168 shares during the period. Siemens Fonds Invest GmbH boosted its stake in Zoom Video Communications by 3.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 4,732 shares of the company's stock worth $391,000 after acquiring an additional 174 shares in the last quarter. Finally, Global X Japan Co. Ltd. boosted 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 acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Zoom Video Communications Stock Performance

Shares of NASDAQ ZM traded up $0.38 during midday trading on Friday, reaching $80.32. The stock had a trading volume of 5,485,271 shares, compared to its average volume of 2,982,446. The stock has a 50-day moving average of $76.27 and a 200-day moving average of $79.62. The company has a market capitalization of $24.52 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 5.48 and a beta of 0.79. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.13. Zoom Video Communications had a net margin of 20.34% and a return on equity of 10.98%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. Zoom Video Communications's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts forecast that Zoom Video Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

ZM has been the topic of several research reports. Piper Sandler boosted their price objective on shares of Zoom Video Communications from $77.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Scotiabank upped their target price on shares of Zoom Video Communications from $75.00 to $85.00 and gave the stock a "sector perform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upped their target price on shares of Zoom Video Communications from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Needham & Company LLC raised shares of Zoom Video Communications from a "hold" rating to a "moderate buy" rating and set a $100.00 price objective for the company in a report on Thursday, May 22nd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price objective on shares of Zoom Video Communications in a report on Thursday, May 22nd. Fifteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $87.61.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 11,839 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 125,529 shares in the company, valued at approximately $9,026,790.39. This trade represents a 8.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 75,531 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,515 shares of company stock worth $12,132,994. 11.51% of the stock is owned by insiders.

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.