Zoom Video Communications, Inc. (NASDAQ:ZM) Stock Position Lifted by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 21.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,067,939 shares of the company's stock after purchasing an additional 188,285 shares during the period. Deutsche Bank AG owned approximately 0.35% of Zoom Video Communications worth $87,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. lifted its holdings in shares of Zoom Video Communications by 127.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock valued at $28,000 after buying an additional 190 shares during the period. Parkside Financial Bank & Trust raised its position in Zoom Video Communications by 277.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock worth $29,000 after acquiring an additional 258 shares in the last quarter. Avior Wealth Management LLC raised its position in Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Zoom Video Communications in the 4th quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Zoom Video Communications during the 4th quarter valued at about $39,000. 66.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Velchamy Sankarlingam sold 11,839 shares of the stock in a transaction on Tuesday, April 15th. The shares were 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 $9,026,790.39. This represents a 8.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 75,531 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. Insiders have sold a total of 164,515 shares of company stock valued at $12,132,994 in the last three months. Insiders own 11.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ZM shares. Rosenblatt Securities reiterated a "buy" rating and issued a $90.00 target price on shares of Zoom Video Communications in a report on Thursday. Mizuho dropped their price target 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. Citigroup reduced their price objective on Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Barclays decreased their target price on 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. Finally, Scotiabank reduced their target price on Zoom Video Communications from $85.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, March 17th. Fifteen equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $85.90.

Zoom Video Communications Trading Up 1.3%

Shares of NASDAQ:ZM opened at $81.31 on Monday. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 5.48 and a beta of 0.79. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80. The business has a fifty day simple moving average of $74.34 and a 200 day simple moving average of $79.29.

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.

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