Tredje AP fonden Has $1.65 Million Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Tredje AP fonden trimmed its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,249 shares of the company’s stock after selling 20,249 shares during the period. Tredje AP fonden’s holdings in Zoom Video Communications were worth $1,653,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its holdings in shares of Zoom Video Communications by 427.0% in the fourth quarter. Rakuten Securities Inc. now owns 859 shares of the company’s stock worth $70,000 after acquiring an additional 696 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Zoom Video Communications by 9.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,363 shares of the company’s stock worth $274,000 after acquiring an additional 278 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Zoom Video Communications by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,908 shares of the company’s stock worth $156,000 after acquiring an additional 281 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Zoom Video Communications by 62.7% in the fourth quarter. Wealthfront Advisers LLC now owns 12,276 shares of the company’s stock worth $1,002,000 after acquiring an additional 4,733 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Zoom Video Communications in the fourth quarter worth about $562,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZM has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $95.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. Citigroup dropped their price objective on shares of Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Morgan Stanley raised their price objective on shares of Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Jefferies Financial Group upgraded shares of Zoom Video Communications from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Finally, JMP Securities reiterated a “market perform” rating on shares of Zoom Video Communications in a report on Tuesday, November 26th. Fifteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.05.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, CEO Eric S. Yuan sold 33,751 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $78.69, for a total transaction of $2,655,866.19. Following the transaction, the chief executive officer now directly owns 34,703 shares in the company, valued at approximately $2,730,779.07. This trade represents a 49.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Velchamy Sankarlingam sold 10,817 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $78.69, for a total value of $851,189.73. Following the transaction, the insider now owns 117,760 shares in the company, valued at approximately $9,266,534.40. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 369,271 shares of company stock valued at $29,496,892. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Trading Up 2.7 %

NASDAQ ZM opened at $74.20 on Friday. The company has a fifty day simple moving average of $80.44 and a 200 day simple moving average of $77.63. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The company has a market cap of $22.65 billion, a P/E ratio of 24.73, a PEG ratio of 5.48 and a beta of 0.26.

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.