OVERSEA CHINESE BANKING Corp Ltd Has $684,000 Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZMFree Report) by 144.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,510 shares of the company’s stock after acquiring an additional 5,615 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Zoom Video Communications were worth $684,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pearl River Capital LLC lifted its holdings in Zoom Video Communications by 31.6% during the 3rd quarter. Pearl River Capital LLC now owns 37,190 shares of the company’s stock valued at $2,601,000 after purchasing an additional 8,928 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Zoom Video Communications by 3.4% during the 3rd quarter. California Public Employees Retirement System now owns 460,836 shares of the company’s stock valued at $32,231,000 after purchasing an additional 14,945 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Zoom Video Communications by 15.9% during the 3rd quarter. CIBC Asset Management Inc now owns 42,353 shares of the company’s stock valued at $2,962,000 after purchasing an additional 5,826 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Zoom Video Communications by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company’s stock valued at $1,587,326,000 after purchasing an additional 1,000,005 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC lifted its holdings in Zoom Video Communications by 25.4% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 328,048 shares of the company’s stock valued at $23,590,000 after purchasing an additional 66,433 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of research analyst reports. BNP Paribas downgraded shares of Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Thursday, January 18th. JPMorgan Chase & Co. dropped 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. Wedbush reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Zoom Video Communications in a research note on Tuesday, February 27th. Mizuho dropped 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. Finally, Rosenblatt Securities raised shares of Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.56.

Read Our Latest Report on Zoom Video Communications

Zoom Video Communications Trading Down 0.8 %

NASDAQ ZM opened at $59.45 on Monday. The firm’s fifty day moving average price is $64.82 and its two-hundred day moving average price is $65.94. 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 capitalization of $18.28 billion, a P/E ratio of 29.14 and a beta of -0.07.

Zoom Video Communications (NASDAQ:ZMGet Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported $0.76 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.15 billion for 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 Activity at Zoom Video Communications

In other Zoom Video Communications news, CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $59.36, for a total transaction of $297,215.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Zoom Video Communications news, CFO Kelly Steckelberg sold 5,007 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $59.36, for a total transaction of $297,215.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 2,421 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $63.69, for a total transaction of $154,193.49. Following the sale, the chief executive officer now owns 90,001 shares in the company, valued at $5,732,163.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,256 shares of company stock worth $4,550,057. Corporate insiders own 11.28% of the company’s stock.

Zoom Video Communications Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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