Axa S.A. Has $1.71 Million Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

AXA S.A. cut its stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,931 shares of the company's stock after selling 26,513 shares during the period. AXA S.A.'s holdings in Zoom Video Communications were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Zoom Video Communications in the 4th quarter valued at about $751,908,000. Altshuler Shaham Ltd increased its holdings in shares of Zoom Video Communications by 285.9% during the 4th quarter. Altshuler Shaham Ltd now owns 2,056,277 shares of the company's stock worth $167,813,000 after acquiring an additional 1,523,480 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Zoom Video Communications by 24.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,385,523 shares of the company's stock worth $521,123,000 after acquiring an additional 1,247,717 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Zoom Video Communications in the 4th quarter valued at $99,471,000. Finally, Contrarius Group Holdings Ltd acquired a new stake in Zoom Video Communications during the 4th quarter valued at $72,854,000. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, CEO Eric S. Yuan sold 75,531 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.98, for a total value of $5,663,314.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $78.82, for a total transaction of $195,079.50. Following the completion of the sale, the director now owns 157,824 shares in the company, valued at $12,439,687.68. This represents a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,515 shares of company stock valued at $12,132,994 over the last three months. 11.51% of the stock is owned by insiders.

Zoom Video Communications Price Performance

NASDAQ:ZM traded up $1.36 during mid-day trading on Monday, reaching $82.67. The stock had a trading volume of 2,096,591 shares, compared to its average volume of 3,022,352. The stock has a 50-day simple moving average of $74.34 and a two-hundred day simple moving average of $79.29. The stock has a market capitalization of $25.23 billion, a PE ratio of 27.56, a P/E/G ratio of 5.48 and a beta of 0.79. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80.

Analyst Ratings Changes

ZM has been the topic of several research analyst reports. Citigroup lowered their price target on shares of Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Benchmark reissued a "buy" rating and issued a $97.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. Barclays lowered their price target on shares of Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on shares of Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating on the stock in a report on Tuesday, February 25th. Finally, Morgan Stanley lowered their price target on shares of Zoom Video Communications from $96.00 to $73.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $85.90.

Zoom Video Communications Company 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.