Banque Cantonale Vaudoise Purchases 700 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Banque Cantonale Vaudoise lifted its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 19.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,297 shares of the company’s stock after acquiring an additional 700 shares during the period. Banque Cantonale Vaudoise’s holdings in Zoom Video Communications were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZM. Van ECK Associates Corp boosted its stake in Zoom Video Communications by 373.7% in the fourth quarter. Van ECK Associates Corp now owns 28,567 shares of the company’s stock valued at $2,054,000 after buying an additional 22,537 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Zoom Video Communications by 5.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,328 shares of the company’s stock valued at $743,000 after purchasing an additional 534 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Zoom Video Communications during the 4th quarter valued at approximately $345,000. Maryland State Retirement & Pension System increased its position in Zoom Video Communications by 4.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 19,787 shares of the company’s stock worth $1,423,000 after purchasing an additional 915 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Zoom Video Communications by 8.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,625 shares of the company’s stock valued at $77,348,000 after purchasing an additional 81,215 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ZM. Benchmark reaffirmed a “buy” rating and set a $83.00 target price on shares of Zoom Video Communications in a research note on Monday, August 5th. Evercore ISI reduced their price objective on Zoom Video Communications from $72.00 to $70.00 and set an “in-line” rating on the stock in a research report on Tuesday, May 21st. UBS Group raised Zoom Video Communications to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.10.

Zoom Video Communications Trading Down 1.2 %

Shares of Zoom Video Communications stock opened at $69.08 on Tuesday. The business has a 50-day moving average price of $60.09 and a two-hundred day moving average price of $62.09. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $75.90. The company has a market cap of $21.26 billion, a P/E ratio of 25.78, a PEG ratio of 6.06 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last announced its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.21 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. Equities research analysts forecast that Zoom Video Communications, Inc. will post 2.69 EPS for the current fiscal year.

Insider Transactions at Zoom Video Communications

In related news, CAO Shane Crehan sold 1,475 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $62.99, for a total transaction of $92,910.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Shane Crehan sold 1,475 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $62.99, for a total value of $92,910.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Velchamy Sankarlingam sold 3,589 shares of the stock in a transaction that occurred on Sunday, June 9th. The stock was sold at an average price of $62.42, for a total value of $224,025.38. Following the completion of the transaction, the insider now owns 81,287 shares in the company, valued at approximately $5,073,934.54. The disclosure for this sale can be found here. Insiders sold a total of 115,341 shares of company stock valued at $6,675,261 in the last quarter. 10.78% of the stock is currently owned by company insiders.

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.