Mn Services Vermogensbeheer B.V. Trims Stock Holdings in Zoom Communications, Inc. (NASDAQ:ZM)

Mn Services Vermogensbeheer B.V. lessened its holdings in Zoom 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 (SEC). The fund owned 89,200 shares of the company's stock after selling 7,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Zoom Communications were worth $6,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZM. Parkside Financial Bank & Trust grew its holdings in Zoom Communications by 277.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock worth $29,000 after purchasing an additional 258 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Zoom Communications in the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB increased its position in Zoom Communications by 177.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock valued at $28,000 after buying an additional 246 shares in the last quarter. Colonial Trust Co SC acquired a new position in Zoom Communications during the 4th quarter worth approximately $32,000. Finally, MRP Capital Investments LLC boosted its holdings in Zoom Communications by 500.0% in the fourth quarter. MRP Capital Investments LLC now owns 600 shares of the company's stock worth $49,000 after acquiring an additional 500 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Stock Performance

Shares of NASDAQ ZM traded up $0.51 during trading on Friday, hitting $77.99. 2,952,754 shares of the company were exchanged, compared to its average volume of 2,924,161. The company has a fifty day moving average price of $78.25 and a 200-day moving average price of $79.29. The firm has a market capitalization of $23.60 billion, a PE ratio of 23.42, a P/E/G ratio of 12.86 and a beta of 0.71. Zoom Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its earnings results 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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Zoom Communications had a net margin of 22.31% and a return on equity of 11.08%. Zoom Communications's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. Research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ZM shares. Wells Fargo & Company lifted their price target on Zoom Communications from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Benchmark reiterated a "buy" rating and set a $97.00 price target on shares of Zoom Communications in a report on Tuesday, May 20th. Stifel Nicolaus lowered their price target on Zoom Communications from $90.00 to $85.00 and set a "hold" rating for the company in a research report on Tuesday, February 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $87.00 price objective on shares of Zoom Communications in a report on Thursday, May 22nd. Finally, Mizuho reduced their target price on shares of Zoom Communications from $105.00 to $71.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zoom Communications has an average rating of "Hold" and an average target price of $87.00.

Insider Activity

In other news, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction on Monday, March 24th. The shares were sold at an average price of $77.86, for a total transaction of $192,703.50. Following the completion of the sale, the director now directly owns 169,452 shares of the company's stock, valued at approximately $13,193,532.72. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 41,121 shares of Zoom Communications stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $72.18, for a total value of $2,968,113.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,671 shares of company stock valued at $7,078,546. 11.51% of the stock is currently owned by corporate insiders.

Zoom 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.