Motley Fool Asset Management LLC Has $589,000 Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Motley Fool Asset Management LLC boosted its stake in Zoom Video Communications, Inc. (NASDAQ:ZM) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,187 shares of the company’s stock after buying an additional 532 shares during the period. Motley Fool Asset Management LLC’s holdings in Zoom Video Communications were worth $589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AM Squared Ltd acquired a new stake in shares of Zoom Video Communications during the third quarter worth $28,000. Allworth Financial LP grew its holdings in Zoom Video Communications by 101.4% during the 3rd quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $39,000 after acquiring an additional 282 shares during the period. Rakuten Securities Inc. bought a new position in shares of Zoom Video Communications in the 4th quarter worth about $43,000. GAMMA Investing LLC bought a new stake in shares of Zoom Video Communications during the 4th quarter valued at about $48,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Zoom Video Communications by 134.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 704 shares of the company’s stock worth $51,000 after purchasing an additional 404 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zoom Video Communications

In other Zoom Video Communications news, COO Aparna Bawa sold 816 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $66.60, for a total value of $54,345.60. Following the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $131,734.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, 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 of the company’s stock, valued at approximately $5,732,163.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Aparna Bawa sold 816 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were 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 $131,734.80. The disclosure for this sale can be found here. Insiders sold a total of 93,224 shares of company stock worth $5,872,091 in the last quarter. Insiders own 11.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. BNP Paribas lowered Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price target on the stock. in a research note on Thursday, January 18th. Jefferies Financial Group started coverage on shares of Zoom Video Communications in a report on Tuesday, March 19th. They issued a “hold” rating and a $70.00 price target for the company. Wedbush reiterated a “neutral” rating and set a $80.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 27th. JPMorgan Chase & Co. reduced their target price on 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, Mizuho dropped their price target on Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $77.56.

Zoom Video Communications Trading Up 1.6 %

Shares of NASDAQ:ZM opened at $62.00 on Friday. Zoom Video Communications, Inc. has a 1-year low of $58.87 and a 1-year high of $75.90. The stock has a market cap of $19.07 billion, a PE ratio of 30.39 and a beta of -0.07. The stock’s fifty day simple moving average is $64.57 and its two-hundred day simple moving average is $65.78.

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

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.