Natixis increased its stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 328.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,892 shares of the company's stock after purchasing an additional 6,050 shares during the quarter. Natixis' holdings in Zoom Video Communications were worth $644,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of ZM. Global X Japan Co. Ltd. raised its stake in shares of Zoom Video Communications by 127.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock worth $28,000 after buying an additional 190 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Zoom Video Communications by 277.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock worth $29,000 after acquiring an additional 258 shares during the period. Avior Wealth Management LLC raised its position in Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Zoom Video Communications in the 4th quarter valued at about $39,000. Finally, MRP Capital Investments LLC boosted its position in shares of Zoom Video Communications by 500.0% during the 4th quarter. MRP Capital Investments LLC now owns 600 shares of the company's stock valued at $49,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on ZM shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $87.00 target price on shares of Zoom Video Communications in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price target on shares of Zoom Video Communications in a report on Wednesday, March 19th. Mizuho cut their price objective on Zoom Video Communications from $105.00 to $71.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Citigroup decreased their target price on Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, Stifel Nicolaus reduced 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. Fifteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $85.90.
Check Out Our Latest Stock Analysis on ZM
Zoom Video Communications Stock Performance
Shares of NASDAQ ZM traded up $0.85 during mid-day trading on Tuesday, reaching $77.01. The company had a trading volume of 289,111 shares, compared to its average volume of 3,038,479. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The stock's 50 day moving average is $74.02 and its 200-day moving average is $78.79. The stock has a market capitalization of $23.51 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 5.48 and a beta of 0.67.
Insider Buying and Selling at Zoom Video Communications
In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 11,839 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $71.91, for a total transaction of $851,342.49. Following the transaction, the insider now directly owns 125,529 shares of the company's stock, valued at $9,026,790.39. This represents a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric S. Yuan sold 83,332 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $86.28, for a total value of $7,189,884.96. The disclosure for this sale can be found here. Insiders have sold 245,372 shares of company stock worth $19,127,800 over the last 90 days. 10.78% of the stock is currently owned by corporate insiders.
Zoom Video Communications Profile
(
Free Report)
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.
Further Reading
Before you consider Zoom Video Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zoom Video Communications wasn't on the list.
While Zoom Video Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
