Susquehanna Fundamental Investments LLC Takes $20.34 Million Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Susquehanna Fundamental Investments LLC purchased a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 249,286 shares of the company's stock, valued at approximately $20,344,000. Susquehanna Fundamental Investments LLC owned about 0.08% of Zoom Video Communications as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tri Ri Asset Management Corp purchased a new stake in shares of Zoom Video Communications in the 3rd quarter valued at $2,653,000. Franklin Resources Inc. boosted its holdings in shares of Zoom Video Communications by 53.6% in the 3rd quarter. Franklin Resources Inc. now owns 331,782 shares of the company's stock valued at $22,537,000 after acquiring an additional 115,837 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Zoom Video Communications by 48.1% in the 3rd quarter. Retirement Systems of Alabama now owns 903,797 shares of the company's stock valued at $63,031,000 after acquiring an additional 293,375 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Zoom Video Communications by 53.0% in the 4th quarter. Versant Capital Management Inc now owns 1,509 shares of the company's stock valued at $123,000 after acquiring an additional 523 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Zoom Video Communications by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company's stock valued at $63,000 after acquiring an additional 164 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

Shares of Zoom Video Communications stock traded up $0.07 during trading hours on Thursday, reaching $77.61. 856,448 shares of the company were exchanged, compared to its average volume of 2,482,051. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80. The stock's fifty day moving average is $73.80 and its 200 day moving average is $78.77. The firm has a market cap of $23.69 billion, a PE ratio of 25.88, a PEG ratio of 5.48 and a beta of 0.67.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZM. Rosenblatt Securities reduced their price objective on shares of Zoom Video Communications from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Morgan Stanley reduced their price objective on shares of Zoom Video Communications from $96.00 to $73.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Barclays reduced their price objective on shares of Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company reduced their price objective on shares of 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. Finally, Citigroup reduced their price objective on shares of Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $85.90.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, CEO Eric S. Yuan sold 83,332 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $86.28, for a total transaction of $7,189,884.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Velchamy Sankarlingam sold 11,839 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $71.91, for a total value of $851,342.49. Following the transaction, the insider now directly owns 125,529 shares in the company, valued at approximately $9,026,790.39. The trade was a 8.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 245,372 shares of company stock valued at $19,127,800 over the last quarter. 10.78% of the stock is owned by 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.