Nisa Investment Advisors LLC trimmed its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM – Free Report) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,861 shares of the company’s stock after selling 8,491 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Zoom Video Communications were worth $1,784,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of Zoom Video Communications during the 3rd quarter worth approximately $37,000. Allworth Financial LP increased its position 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 purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Zoom Video Communications by 56.0% during the 3rd 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. GAMMA Investing LLC boosted its position in shares of Zoom Video Communications by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock worth $63,000 after purchasing an additional 164 shares in the last quarter. Finally, True Wealth Design LLC boosted its position in shares of Zoom Video Communications by 10,763.6% in the 3rd quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $83,000 after purchasing an additional 1,184 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.
Analyst Ratings Changes
A number of research firms have commented on ZM. Wells Fargo & Company upgraded Zoom Video Communications from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $70.00 to $85.00 in a research note on Tuesday, January 7th. Jefferies Financial Group raised shares of Zoom Video Communications from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $100.00 in a research report on Thursday, December 19th. Evercore ISI raised shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $70.00 to $115.00 in a research report on Tuesday, November 26th. Barclays raised their price target on shares of Zoom Video Communications from $70.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, Benchmark boosted their price objective on shares of Zoom Video Communications from $85.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Sixteen investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $89.10.
Insider Activity at Zoom Video Communications
In other Zoom Video Communications news, Director Jonathan Chadwick sold 12,500 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $75.04, for a total transaction of $938,000.00. Following the transaction, the director now directly owns 1,514 shares of the company’s stock, valued at $113,610.56. This trade represents a 89.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Shane Crehan sold 1,412 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $111,110.28. Following the sale, the chief accounting officer now directly owns 5,404 shares of the company’s stock, valued at $425,240.76. This represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 489,981 shares of company stock worth $38,712,948 in the last 90 days. Corporate insiders own 10.78% of the company’s stock.
Zoom Video Communications Stock Performance
Shares of Zoom Video Communications stock opened at $80.17 on Monday. The firm has a 50-day simple moving average of $82.49 and a two-hundred day simple moving average of $72.47. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The company has a market cap of $24.57 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 4.99 and a beta of -0.01.
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.
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