Gratus Capital LLC Has $7.85 Million Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Gratus Capital LLC raised its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 80.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,187 shares of the company's stock after buying an additional 48,592 shares during the quarter. Gratus Capital LLC's holdings in Zoom Video Communications were worth $7,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Ieq Capital LLC increased its holdings in shares of Zoom Video Communications by 2.1% in the fourth quarter. Ieq Capital LLC now owns 22,949 shares of the company's stock worth $1,650,000 after acquiring an additional 483 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Zoom Video Communications by 30.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,500 shares of the company's stock valued at $74,332,000 after buying an additional 242,944 shares during the period. Jump Financial LLC acquired a new stake in shares of Zoom Video Communications during the fourth quarter worth $1,373,000. Qsemble Capital Management LP bought a new stake in Zoom Video Communications in the 4th quarter valued at $1,515,000. Finally, BNP Paribas Financial Markets boosted its stake in Zoom Video Communications by 109.4% in the 4th quarter. BNP Paribas Financial Markets now owns 776,365 shares of the company's stock worth $55,828,000 after purchasing an additional 405,553 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Zoom Video Communications from $83.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, February 27th. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a report on Tuesday, March 19th. They set a "hold" rating and a $70.00 target price on the stock. Rosenblatt Securities upgraded shares of Zoom Video Communications from a "neutral" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Thursday, April 18th. Wedbush restated a "neutral" rating and set a $80.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Finally, Mizuho dropped their price target on Zoom Video Communications from $100.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $77.56.

Zoom Video Communications Price Performance

Zoom Video Communications stock traded up $1.14 during mid-day trading on Monday, reaching $63.11. 2,893,782 shares of the company traded hands, compared to its average volume of 3,237,181. Zoom Video Communications, Inc. has a 52-week low of $58.87 and a 52-week high of $75.90. The firm's 50 day moving average price is $63.89 and its 200 day moving average price is $65.74. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of 30.92 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.34. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side analysts anticipate that Zoom Video Communications, Inc. will post 2.15 EPS for the current year.

Insiders Place Their Bets

In other news, COO Aparna Bawa sold 816 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $66.60, for a total value of $54,345.60. Following the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $131,734.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Zoom Video Communications news, COO Aparna Bawa sold 816 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $66.60, for a total value of $54,345.60. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $131,734.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $59.36, for a total value of $297,215.52. The disclosure for this sale can be found here. Insiders have sold a total of 96,163 shares of company stock worth $6,038,858 in the last 90 days. 10.78% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.