Leigh Baldwin & CO. LLC Makes New $1.92 Million Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

Leigh Baldwin & CO. LLC bought a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 234,874 shares of the company's stock, valued at approximately $1,917,000. Leigh Baldwin & CO. LLC owned approximately 0.08% of Zoom Video Communications as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ZM. Global X Japan Co. Ltd. grew its stake in shares of Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock valued at $28,000 after buying an additional 190 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Zoom Video Communications by 291.2% in the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Zoom Video Communications by 277.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock valued at $29,000 after buying an additional 258 shares in the last quarter. Colonial Trust Co SC purchased a new stake in Zoom Video Communications in the fourth quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Zoom Video Communications during the fourth quarter worth about $39,000. Institutional investors own 66.54% of the company's stock.

Zoom Video Communications Stock Up 1.3%

Shares of NASDAQ:ZM opened at $81.31 on Monday. The company has a market capitalization of $24.82 billion, a P/E ratio of 27.10, a P/E/G ratio of 5.48 and a beta of 0.79. The stock's fifty day simple moving average is $74.34 and its 200-day simple moving average is $79.29. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ZM shares. Royal Bank of Canada restated an "outperform" rating and set a $95.00 price target on shares of Zoom Video Communications in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their target price on Zoom Video Communications from $85.00 to $75.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Mizuho cut their price objective on Zoom Video Communications from $105.00 to $71.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus decreased their target price on Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $85.90.

Insiders Place Their Bets

In other news, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $78.82, for a total value of $195,079.50. Following the completion of the sale, the director now owns 157,824 shares of the company's stock, valued at $12,439,687.68. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric S. Yuan sold 75,531 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. Insiders have sold a total of 164,515 shares of company stock worth $12,132,994 over the last quarter. 11.51% of the stock is owned by corporate 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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