National Pension Service Has $45.70 Million Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

National Pension Service raised its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 30.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 655,227 shares of the company’s stock after purchasing an additional 151,728 shares during the quarter. National Pension Service’s holdings in Zoom Video Communications were worth $45,696,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in Zoom Video Communications by 15.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock worth $87,713,000 after acquiring an additional 167,618 shares during the period. Lansing Street Advisors acquired a new stake in Zoom Video Communications during the third quarter worth approximately $321,000. Van ECK Associates Corp increased its holdings in Zoom Video Communications by 1.7% in the third quarter. Van ECK Associates Corp now owns 41,984 shares of the company’s stock worth $3,045,000 after purchasing an additional 716 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Zoom Video Communications by 17.7% in the third quarter. Janney Montgomery Scott LLC now owns 18,595 shares of the company’s stock valued at $1,297,000 after buying an additional 2,800 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Zoom Video Communications by 20.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,085 shares of the company’s stock worth $215,000 after buying an additional 526 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

ZM opened at $79.69 on Thursday. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $80.35. The company’s 50-day moving average is $70.01 and its 200 day moving average is $63.80. The firm has a market capitalization of $24.53 billion, a P/E ratio of 28.56, a PEG ratio of 6.51 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. On average, equities research analysts expect that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group upgraded shares of Zoom Video Communications to a “hold” rating in a research report on Friday, July 26th. Wedbush began coverage on shares of Zoom Video Communications in a report on Thursday, October 17th. They set an “outperform” rating and a $85.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Zoom Video Communications from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, October 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a research report on Friday, October 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Zoom Video Communications in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.32.

Insiders Place Their Bets

In related news, insider Velchamy Sankarlingam sold 3,614 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total transaction of $241,668.18. Following the completion of the transaction, the insider now owns 94,000 shares in the company, valued at approximately $6,285,780. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Velchamy Sankarlingam sold 3,614 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total value of $241,668.18. Following the transaction, the insider now owns 94,000 shares in the company, valued at approximately $6,285,780. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Shane Crehan sold 1,550 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total value of $103,648.50. Following the transaction, the chief accounting officer now directly owns 1,463 shares of the company’s stock, valued at approximately $97,830.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 193,550 shares of company stock valued at $13,361,571. Insiders own 10.78% of the company’s stock.

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.