Mn Services Vermogensbeheer B.V. Has $6.58 Million Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Mn Services Vermogensbeheer B.V. lessened its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,200 shares of the company's stock after selling 7,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Zoom Video Communications were worth $6,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wynn Capital LLC lifted its position in Zoom Video Communications by 1.6% during the 1st quarter. Wynn Capital LLC now owns 10,194 shares of the company's stock worth $752,000 after buying an additional 160 shares in the last quarter. Principal Securities Inc. increased its position in shares of Zoom Video Communications by 26.9% in the fourth quarter. Principal Securities Inc. now owns 783 shares of the company's stock valued at $64,000 after acquiring an additional 166 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in 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 worth $330,000 after acquiring an additional 168 shares in the last quarter. Siemens Fonds Invest GmbH raised its holdings 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, Evergreen Capital Management LLC grew its stake in Zoom Video Communications by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 40,472 shares of the company's stock valued at $3,303,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Wall Street Analysts Forecast Growth

ZM has been the subject of several recent analyst reports. Bank of America increased their price objective on Zoom Video Communications from $79.00 to $84.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. KeyCorp assumed coverage on shares of Zoom Video Communications in a research note on Friday, June 6th. They issued an "underweight" rating and a $73.00 price target for the company. Citigroup dropped their target price on shares of Zoom Video Communications from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Scotiabank raised their target price on shares of Zoom Video Communications from $75.00 to $85.00 and gave the company a "sector perform" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised Zoom Video Communications from a "buy" rating to a "strong-buy" rating in a research report on Sunday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $87.00.

Zoom Video Communications Stock Up 0.0%

Shares of NASDAQ:ZM traded up $0.03 during trading on Tuesday, hitting $77.90. 1,629,905 shares of the company were exchanged, compared to its average volume of 2,934,887. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80. The company has a market capitalization of $23.57 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 5.48 and a beta of 0.71. The business's 50 day moving average is $77.86 and its 200-day moving average is $79.35.

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

Insider Buying and Selling at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 11,839 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $71.91, for a total value of $851,342.49. Following the transaction, the insider now directly owns 125,529 shares of the company's stock, valued at $9,026,790.39. The trade was a 8.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Janet Napolitano sold 2,617 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $76.78, for a total value of $200,933.26. Following the sale, the director now owns 4,728 shares in the company, valued at approximately $363,015.84. The trade was a 35.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,671 shares of company stock worth $7,078,546. Insiders own 11.51% of the company's stock.

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.