Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC raised its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 288.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,814 shares of the company’s stock after acquiring an additional 104,532 shares during the quarter. Ieq Capital LLC’s holdings in Zoom Video Communications were worth $11,492,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Global X Japan Co. Ltd. raised its holdings in shares of Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after acquiring an additional 190 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Zoom Video Communications in the fourth quarter valued at approximately $39,000. Truvestments Capital LLC acquired a new stake in shares of Zoom Video Communications in the third quarter valued at approximately $37,000. Finally, Allworth Financial LP increased its holdings in shares of Zoom Video Communications by 43.8% in the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ZM shares. JMP Securities reaffirmed a “market perform” rating on shares of Zoom Video Communications in a report on Tuesday, November 26th. Hsbc Global Res raised Zoom Video Communications to a “strong-buy” rating in a report on Tuesday, November 26th. Barclays increased their price target on Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Scotiabank raised Zoom Video Communications to a “hold” rating in a report on Tuesday, November 19th. Finally, Benchmark increased their price target on Zoom Video Communications from $85.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Sixteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Zoom Video Communications has an average rating of “Hold” and an average price target of $89.48.

Zoom Video Communications Price Performance

Zoom Video Communications stock opened at $85.17 on Thursday. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80. The stock has a market cap of $26.10 billion and a PE ratio of 28.39. The stock’s fifty day moving average is $83.31 and its two-hundred day moving average is $75.78.

Insider Buying and Selling at Zoom Video Communications

In other news, Director Jonathan Chadwick sold 25,000 shares of Zoom Video Communications stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $80.33, for a total transaction of $2,008,250.00. Following the sale, the director now owns 1,514 shares in the company, valued at approximately $121,619.62. The trade was a 94.29 % 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, insider Velchamy Sankarlingam sold 3,618 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total value of $307,312.92. Following the completion of the transaction, the insider now owns 107,826 shares in the company, valued at $9,158,740.44. This trade represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 382,242 shares of company stock worth $31,230,938 over the last ninety days. Corporate insiders own 10.78% of the company’s stock.

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.