Quantinno Capital Management LP Buys 98,048 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Quantinno Capital Management LP increased its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 172.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,883 shares of the company's stock after buying an additional 98,048 shares during the period. Quantinno Capital Management LP owned about 0.05% of Zoom Video Communications worth $12,640,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Merit Financial Group LLC bought a new stake in Zoom Video Communications in the 4th quarter valued at about $1,072,000. Swedbank AB increased its stake in shares of Zoom Video Communications by 96.3% in the fourth quarter. Swedbank AB now owns 82,247 shares of the company's stock worth $6,712,000 after purchasing an additional 40,351 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of 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 purchasing an additional 7,518 shares during the period. Silver Lake Advisory LLC raised its position in shares of 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 purchasing an additional 4,745 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Zoom Video Communications by 126.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,251,302 shares of the company's stock valued at $102,119,000 after buying an additional 699,625 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ZM shares. Rosenblatt Securities reiterated a "buy" rating and issued a $90.00 price objective on shares of Zoom Video Communications in a research note on Thursday, May 8th. Barclays reduced their price target on 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. Mizuho dropped their price objective on Zoom Video Communications from $105.00 to $71.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. 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. Finally, UBS Group decreased their price target on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Fifteen investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $86.33.

Insider Buying and Selling

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 11,839 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $9,026,790.39. This represents a 8.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock in a transaction on Monday, May 5th. The shares were sold at an average price of $78.82, for a total value of $195,079.50. Following the transaction, the director now owns 157,824 shares of the company's stock, valued at $12,439,687.68. The trade was a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,515 shares of company stock worth $12,132,994 in the last quarter. 10.78% of the stock is owned by insiders.

Zoom Video Communications Trading Up 0.9%

Shares of ZM traded up $0.77 during midday trading on Friday, reaching $84.62. The stock had a trading volume of 2,108,994 shares, compared to its average volume of 3,009,462. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 5.48 and a beta of 0.79. The company's 50-day moving average is $75.22 and its 200 day moving average is $79.54. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80.

About Zoom Video Communications

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.