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

MRP Capital Investments LLC grew its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 500.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600 shares of the company’s stock after purchasing an additional 500 shares during the period. MRP Capital Investments LLC’s holdings in Zoom Video Communications were worth $49,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. FMR LLC lifted its stake in Zoom Video Communications by 23.8% in the 3rd quarter. FMR LLC now owns 12,444,887 shares of the company’s stock worth $867,906,000 after acquiring an additional 2,395,396 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Zoom Video Communications in the 4th quarter worth about $99,471,000. Contrarius Group Holdings Ltd acquired a new position in Zoom Video Communications in the 4th quarter worth about $72,854,000. Eagle Asset Management Inc. acquired a new position in Zoom Video Communications in the 3rd quarter worth about $62,038,000. Finally, Assenagon Asset Management S.A. increased its position in Zoom Video Communications by 126.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,251,302 shares of the company’s stock worth $102,119,000 after purchasing an additional 699,625 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Video Communications Price Performance

ZM stock opened at $76.03 on Friday. The business has a fifty day moving average price of $80.05 and a 200 day moving average price of $77.77. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 5.48 and a beta of 0.26.

Insider Activity at Zoom Video Communications

In other news, Director Jonathan Chadwick sold 25,000 shares of Zoom Video Communications stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $80.33, for a total value of $2,008,250.00. Following the completion of the sale, the director now directly owns 1,514 shares of the company’s stock, valued at approximately $121,619.62. This trade represents a 94.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Velchamy Sankarlingam sold 10,817 shares of Zoom Video Communications 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 completion of the sale, the insider now directly owns 117,760 shares of the company’s stock, valued at $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. Insiders sold 369,271 shares of company stock valued at $29,496,892 in the last three months. Corporate insiders own 10.78% of the company’s stock.

Analysts Set New Price Targets

ZM has been the topic of several research reports. Scotiabank dropped their target price on Zoom Video Communications from $85.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Monday. JMP Securities reissued a “market perform” rating on shares of Zoom Video Communications in a report on Tuesday, November 26th. Benchmark reissued a “buy” rating and set a $97.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on Zoom Video Communications from $90.00 to $85.00 and set a “hold” rating on the stock in a report on Tuesday, February 25th. Finally, Jefferies Financial Group raised Zoom Video Communications from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Fifteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.33.

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.