10,000 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Bought by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,000 shares of the company's stock, valued at approximately $816,000.

Other large investors have also recently bought and sold shares of the company. Merit Financial Group LLC bought a new position in Zoom Video Communications during the 4th quarter worth $1,072,000. Swedbank AB boosted its stake in shares of Zoom Video Communications by 96.3% during the fourth quarter. Swedbank AB now owns 82,247 shares of the company's stock valued at $6,712,000 after purchasing an additional 40,351 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Zoom Video Communications by 8.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 93,872 shares of the company's stock valued at $7,868,000 after acquiring an additional 7,518 shares during the last quarter. Silver Lake Advisory LLC boosted its holdings in Zoom Video Communications by 13.3% in the fourth quarter. Silver Lake Advisory LLC now owns 40,325 shares of the company's stock valued at $3,291,000 after acquiring an additional 4,745 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Zoom Video Communications by 126.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,251,302 shares of the company's stock valued at $102,119,000 after acquiring an additional 699,625 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZM. Barclays lowered their target price on Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company decreased 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 report on Tuesday, April 22nd. Mizuho reduced their target price on shares of 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. Stifel Nicolaus decreased their price objective 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, UBS Group decreased their price objective on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Fifteen equities research 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $86.33.

Insider Activity

In related news, insider Velchamy Sankarlingam sold 11,839 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $71.91, for a total transaction of $851,342.49. Following the transaction, the insider now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Santiago Subotovsky sold 2,475 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $78.82, for a total value of $195,079.50. Following the sale, the director now owns 157,824 shares of the company's stock, valued at $12,439,687.68. This represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,515 shares of company stock valued at $12,132,994 in the last three months. 11.51% of the stock is currently owned by corporate insiders.

Zoom Video Communications Stock Performance

Zoom Video Communications stock traded down $1.36 during midday trading on Monday, hitting $83.26. 510,907 shares of the company's stock were exchanged, compared to its average volume of 2,999,620. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The firm has a 50-day moving average of $75.22 and a two-hundred day moving average of $79.61. The company has a market cap of $25.41 billion, a PE ratio of 27.76, a P/E/G ratio of 5.48 and a beta of 0.79.

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.