Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 250,335 Zoom Video Communications, Inc. (NASDAQ:ZM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 250,335 shares of the company's stock, valued at approximately $20,430,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Zoom Video Communications at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Leigh Baldwin & CO. LLC purchased a new position in Zoom Video Communications in the 4th quarter valued at $239,000. Mackenzie Financial Corp grew its position in Zoom Video Communications by 98.6% in the 4th quarter. Mackenzie Financial Corp now owns 70,955 shares of the company's stock valued at $5,791,000 after buying an additional 35,230 shares during the last quarter. Forum Financial Management LP purchased a new position in Zoom Video Communications in the 4th quarter valued at $345,000. Peak Retirement Planning Inc. purchased a new position in Zoom Video Communications in the 4th quarter valued at $961,000. Finally, Toronto Dominion Bank grew its position in Zoom Video Communications by 4.9% in the 4th quarter. Toronto Dominion Bank now owns 33,541 shares of the company's stock valued at $2,737,000 after buying an additional 1,576 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Video Communications Stock Performance

ZM stock traded up $0.38 during trading on Friday, hitting $80.32. The stock had a trading volume of 5,485,271 shares, compared to its average volume of 2,988,472. The company's 50 day moving average price is $76.27 and its two-hundred day moving average price is $79.66. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80. The stock has a market cap 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 (NASDAQ:ZM - Get Free Report) last announced 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. 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 the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Zoom Video Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of Zoom Video Communications in a research report on Thursday, May 22nd. JMP Securities restated a "market perform" rating on shares of Zoom Video Communications in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their target price on shares of Zoom Video Communications from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Finally, Citigroup decreased 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 research report on Thursday, May 15th. Fifteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $87.61.

Insider Activity at Zoom Video Communications

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

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.