GTS Securities LLC Sells 7,528 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

GTS Securities LLC trimmed its stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 74.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,544 shares of the company's stock after selling 7,528 shares during the quarter. GTS Securities LLC's holdings in Zoom Video Communications were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZM. FMR LLC raised its stake in Zoom Video Communications by 2.3% in the 4th quarter. FMR LLC now owns 12,727,532 shares of the company's stock valued at $1,038,694,000 after acquiring an additional 282,645 shares during the period. Norges Bank bought a new stake in shares of Zoom Video Communications in the fourth quarter valued at approximately $751,908,000. AQR Capital Management LLC lifted its stake in shares of Zoom Video Communications by 5.2% during the 4th quarter. AQR Capital Management LLC now owns 7,538,744 shares of the company's stock valued at $615,237,000 after buying an additional 373,509 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Zoom Video Communications by 24.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,385,523 shares of the company's stock worth $521,123,000 after buying an additional 1,247,717 shares during the period. Finally, Geode Capital Management LLC grew its stake in Zoom Video Communications by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 4,624,160 shares of the company's stock valued at $377,429,000 after buying an additional 28,725 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Video Communications Stock Down 0.7%

Shares of NASDAQ ZM traded down $0.58 during midday trading on Tuesday, reaching $80.69. The company had a trading volume of 1,211,993 shares, compared to its average volume of 2,973,655. The firm's fifty day moving average price is $76.34 and its 200-day moving average price is $79.60. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The stock has a market cap of $24.63 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 5.48 and a beta of 0.79.

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

Insider Activity at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 11,839 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $71.91, for a total value of $851,342.49. Following the sale, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the business'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 value of $195,079.50. Following the transaction, the director now directly owns 157,824 shares in the company, valued at $12,439,687.68. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,984 shares of company stock worth $6,469,680 in the last three months. 11.51% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Rosenblatt Securities increased their target price on Zoom Video Communications from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Wells Fargo & Company raised their target price on Zoom Video Communications from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 price target on shares of Zoom Video Communications in a research report on Thursday, May 22nd. Bank of America raised their price objective on shares of Zoom Video Communications from $79.00 to $84.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Zoom Video Communications from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Fifteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zoom Video Communications has a consensus rating of "Moderate Buy" and a consensus price target of $87.61.

About Zoom Video Communications

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.