Stratos Wealth Advisors LLC Purchases New Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Stratos Wealth Advisors LLC acquired a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,230 shares of the company’s stock, valued at approximately $1,161,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. McAdam LLC bought a new stake in shares of Zoom Video Communications during the fourth quarter worth about $410,000. SYM FINANCIAL Corp boosted its position in Zoom Video Communications by 36.2% during the 4th quarter. SYM FINANCIAL Corp now owns 4,577 shares of the company’s stock worth $374,000 after buying an additional 1,216 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Zoom Video Communications by 5.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,418 shares of the company’s stock worth $687,000 after acquiring an additional 448 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in Zoom Video Communications during the 4th quarter worth approximately $315,000. Finally, Caprock Group LLC acquired a new position in Zoom Video Communications in the 4th quarter valued at approximately $288,000. Institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ZM shares. Sanford C. Bernstein lifted their price target on shares of Zoom Video Communications from $78.00 to $89.00 and gave the stock a “market perform” rating in a report on Tuesday, November 26th. Wells Fargo & Company raised Zoom Video Communications from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $70.00 to $85.00 in a report on Tuesday, January 7th. Scotiabank raised Zoom Video Communications to a “hold” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group lifted their price objective on Zoom Video Communications from $72.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, Benchmark raised their price target on shares of Zoom Video Communications from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Sixteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, 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 news, CEO Eric S. Yuan sold 83,333 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $83.50, for a total value of $6,958,305.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Shane Crehan sold 1,551 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were 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 in the company, 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 have sold 382,242 shares of company stock valued at $31,230,938. 10.78% of the stock is owned by corporate insiders.

Zoom Video Communications Trading Up 0.8 %

Zoom Video Communications stock opened at $86.69 on Friday. The firm’s fifty day moving average price is $83.09 and its two-hundred day moving average price is $74.05. The firm has a market capitalization of $26.57 billion and a price-to-earnings ratio of 28.90. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80.

Zoom Video Communications 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.