AE Wealth Management LLC bought a new stake in Zoom Video Communications Inc (NASDAQ:ZM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,042 shares of the company’s stock, valued at approximately $3,367,000.

Other hedge funds also recently bought and sold shares of the company. Artisan Partners Limited Partnership raised its holdings in Zoom Video Communications by 129.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,192,614 shares of the company’s stock valued at $489,385,000 after acquiring an additional 4,061,148 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Zoom Video Communications by 721.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,463,345 shares of the company’s stock valued at $167,606,000 after acquiring an additional 2,163,345 shares during the last quarter. BosValen Asset Management Ltd acquired a new position in Zoom Video Communications in the 1st quarter valued at $199,946,000. Wildcat Capital Management LLC acquired a new position in Zoom Video Communications in the 4th quarter valued at $77,549,000. Finally, FIL Ltd raised its holdings in Zoom Video Communications by 48.0% in the 4th quarter. FIL Ltd now owns 2,744,885 shares of the company’s stock valued at $186,762,000 after acquiring an additional 890,787 shares during the last quarter. 22.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Zoom Video Communications stock opened at $174.83 on Friday. The company has a fifty day moving average price of $144.54 and a 200 day moving average price of $97.49. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.08. Zoom Video Communications Inc has a twelve month low of $60.97 and a twelve month high of $181.50. The stock has a market cap of $43.36 billion and a price-to-earnings ratio of 2,185.65.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.16. Zoom Video Communications had a net margin of 3.73% and a return on equity of 3.30%. The firm had revenue of $188.25 million during the quarter, compared to analysts’ expectations of $176.88 million. Zoom Video Communications’s revenue for the quarter was up 77.9% on a year-over-year basis. Analysts forecast that Zoom Video Communications Inc will post 0.02 earnings per share for the current year.

In other Zoom Video Communications news, Director Jonathan Chadwick sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $100.94, for a total value of $5,047,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $5,047,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Aparna Bawa sold 7,500 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $119.65, for a total transaction of $897,375.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 936,761 shares of company stock valued at $117,870,329.

Several brokerages have weighed in on ZM. Stephens downgraded Zoom Video Communications from an “overweight” rating to an “equal weight” rating and set a $95.00 price target for the company. in a report on Wednesday, March 4th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and issued a $165.00 price target on shares of Zoom Video Communications in a report on Thursday, April 16th. Rosenblatt Securities upped their price objective on Zoom Video Communications from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Argus restated a “hold” rating on shares of Zoom Video Communications in a report on Wednesday, April 8th. Finally, Stifel Nicolaus upped their price objective on Zoom Video Communications from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, March 5th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Zoom Video Communications has a consensus rating of “Hold” and a consensus target price of $120.81.

Zoom Video Communications Company Profile

Zoom Video Communications, Inc provides a video-first communications platform that changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting.

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

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