UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 87,775 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,174,025 shares of the company's stock after acquiring an additional 87,775 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.36% of Zoom Video Communications worth $340,642,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ZM. Global X Japan Co. Ltd. increased its holdings in shares of Zoom Video Communications by 127.5% in 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. Parkside Financial Bank & Trust increased its stake in Zoom Video Communications by 277.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock worth $29,000 after purchasing an additional 258 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Zoom Video Communications by 291.2% during the 4th 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 period. Raiffeisen Bank International AG acquired a new stake in Zoom Video Communications during the 4th quarter worth approximately $30,000. Finally, Colonial Trust Co SC bought a new position in Zoom Video Communications in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 66.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZM. Barclays lowered their price objective on shares of Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Citigroup lowered their target price on Zoom Video Communications from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, May 15th. Mizuho dropped their price target on Zoom Video Communications from $105.00 to $71.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. UBS Group reduced their price objective on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $87.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. Fifteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $86.33.

Zoom Video Communications Trading Down 1.0%

Shares of ZM opened at $82.27 on Thursday. The company's fifty day simple moving average is $75.78 and its 200 day simple moving average is $79.70. 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 cap of $25.11 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 5.48 and a beta of 0.79.

Insider Buying and Selling at Zoom Video Communications

In related news, COO Aparna Bawa sold 16,099 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $72.59, for a total value of $1,168,626.41. Following the sale, the chief operating officer now owns 1,978 shares in the company, valued at approximately $143,583.02. This represents a 89.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction 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 sale, the director now directly owns 157,824 shares of the company's stock, valued at $12,439,687.68. This represents a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,515 shares of company stock worth $12,132,994 over the last quarter. 11.51% of the stock is currently owned by insiders.

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.

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