Vontobel Holding Ltd. Acquires 2,945 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Vontobel Holding Ltd. boosted its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 67,359 shares of the company’s stock after purchasing an additional 2,945 shares during the quarter. Vontobel Holding Ltd.’s holdings in Zoom Video Communications were worth $4,844,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ZM. AM Squared Ltd bought a new position in shares of Zoom Video Communications in the 3rd quarter valued at about $28,000. Money Concepts Capital Corp grew its position in shares of Zoom Video Communications by 821.2% in the 4th quarter. Money Concepts Capital Corp now owns 479 shares of the company’s stock valued at $32,000 after acquiring an additional 427 shares during the period. Global Wealth Management Investment Advisory Inc. grew its position in shares of Zoom Video Communications by 63.3% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. Allworth Financial LP grew its position in shares of Zoom Video Communications by 101.4% in the 3rd quarter. Allworth Financial LP now owns 560 shares of the company’s stock valued at $39,000 after acquiring an additional 282 shares during the period. Finally, Neo Ivy Capital Management grew its position in shares of Zoom Video Communications by 56.8% in the 2nd quarter. Neo Ivy Capital Management now owns 367 shares of the company’s stock valued at $39,000 after acquiring an additional 133 shares during the period. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

NASDAQ ZM opened at $59.08 on Thursday. Zoom Video Communications, Inc. has a 1 year low of $58.87 and a 1 year high of $75.90. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 28.96 and a beta of -0.07. The company has a fifty day moving average price of $65.02 and a 200-day moving average price of $66.07.

Zoom Video Communications (NASDAQ:ZM) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, research analysts anticipate that Zoom Video Communications, Inc. will post 2.15 EPS for the current fiscal year.

Insider Transactions at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 1,553 shares of Zoom Video Communications stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total value of $108,710.00. Following the completion of the transaction, the insider now owns 71,956 shares in the company, valued at $5,036,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Velchamy Sankarlingam sold 1,553 shares of Zoom Video Communications stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total value of $108,710.00. Following the completion of the transaction, the insider now owns 71,956 shares in the company, valued at $5,036,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Aparna Bawa sold 816 shares of Zoom Video Communications stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $66.60, for a total transaction of $54,345.60. Following the completion of the transaction, the chief operating officer now owns 1,978 shares of the company’s stock, valued at approximately $131,734.80. The disclosure for this sale can be found here. Insiders sold 66,249 shares of company stock worth $4,252,841 over the last quarter. Corporate insiders own 11.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho cut their target price on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Rosenblatt Securities restated a “neutral” rating and set a $75.00 target price on shares of Zoom Video Communications in a research note on Tuesday, March 26th. Wedbush restated a “neutral” rating and set a $80.00 target price on shares of Zoom Video Communications in a research note on Tuesday, February 27th. JPMorgan Chase & Co. cut their target price on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Finally, Piper Sandler raised their target price on shares of Zoom Video Communications from $69.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $77.56.

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.