TD Waterhouse Canada Inc. Purchases 3,304 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

TD Waterhouse Canada Inc. lifted its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 1,065.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,614 shares of the company's stock after buying an additional 3,304 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Zoom Video Communications were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ZM. Norges Bank acquired a new stake in shares of Zoom Video Communications during the 4th quarter worth $751,908,000. Altshuler Shaham Ltd grew its stake in Zoom Video Communications by 285.9% during the fourth quarter. Altshuler Shaham Ltd now owns 2,056,277 shares of the company's stock worth $167,813,000 after buying an additional 1,523,480 shares in the last quarter. Raymond James Financial Inc. bought a new position in Zoom Video Communications in the 4th quarter valued at about $99,471,000. Contrarius Group Holdings Ltd acquired a new position in shares of Zoom Video Communications in the 4th quarter valued at approximately $72,854,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Zoom Video Communications by 357.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,744 shares of the company's stock worth $81,507,000 after acquiring an additional 780,446 shares during the period. Institutional investors own 66.54% of the company's stock.

Insider Buying and Selling

In other news, Director Santiago Subotovsky sold 2,475 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $75.43, for a total transaction of $186,689.25. Following the completion of the sale, the director now owns 160,299 shares in the company, valued at $12,091,353.57. The trade was a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Velchamy Sankarlingam sold 11,839 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $71.91, for a total value of $851,342.49. Following the completion of the transaction, the insider now owns 125,529 shares in the company, valued at approximately $9,026,790.39. This represents a 8.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 245,372 shares of company stock valued at $19,127,800 over the last 90 days. Company insiders own 10.78% of the company's stock.

Zoom Video Communications Stock Up 1.8 %

ZM traded up $1.40 during trading on Friday, reaching $78.65. 568,353 shares of the stock traded hands, compared to its average volume of 3,030,262. The stock's 50-day moving average is $73.73 and its 200 day moving average is $78.83. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The stock has a market capitalization of $24.01 billion, a PE ratio of 26.21, a P/E/G ratio of 5.48 and a beta of 0.67.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZM. Barclays decreased their price objective on shares of Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Rosenblatt Securities decreased their target price on Zoom Video Communications from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup dropped their target price on shares of Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Benchmark reaffirmed a "buy" rating and set a $97.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. Finally, Stifel Nicolaus cut their target price on shares of Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating on the stock in a research report on Tuesday, February 25th. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zoom Video Communications presently has an average rating of "Hold" and an average target price of $85.90.

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.