MML Investors Services LLC Has $655,000 Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

MML Investors Services LLC boosted its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,395 shares of the company’s stock after buying an additional 132 shares during the period. MML Investors Services LLC’s holdings in Zoom Video Communications were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $33,000. Truvestments Capital LLC acquired a new position in shares of Zoom Video Communications in the third quarter worth $37,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Zoom Video Communications in the second quarter worth $41,000. Allworth Financial LP raised its holdings in shares of Zoom Video Communications by 43.8% during the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after acquiring an additional 180 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Zoom Video Communications by 56.0% during the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after purchasing an additional 274 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 3,618 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total value of $307,312.92. Following the sale, the insider now owns 107,826 shares of the company’s stock, valued at $9,158,740.44. The trade was a 3.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Shane Crehan sold 1,551 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $131,741.94. Following the transaction, the chief accounting officer now directly owns 3,251 shares of the company’s stock, valued at $276,139.94. The trade was a 32.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 428,513 shares of company stock worth $32,366,914. 10.78% of the stock is currently owned by company insiders.

Zoom Video Communications Stock Up 1.8 %

ZM stock opened at $85.60 on Friday. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The company has a market cap of $26.24 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 5.29 and a beta of -0.03. The business’s 50-day simple moving average is $79.85 and its 200 day simple moving average is $68.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Scotiabank raised Zoom Video Communications to a “hold” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein raised their price objective on shares of Zoom Video Communications from $78.00 to $89.00 and gave the company a “market perform” rating in a research report on Tuesday, November 26th. JMP Securities restated a “market perform” rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Jefferies Financial Group raised shares of Zoom Video Communications from a “hold” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $100.00 in a research note on Thursday. Finally, Stifel Nicolaus increased their target price on shares of Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.10.

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.