Aaron Wealth Advisors LLC Purchases 1,128 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Aaron Wealth Advisors LLC grew its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 28.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,071 shares of the company’s stock after buying an additional 1,128 shares during the period. Aaron Wealth Advisors LLC’s holdings in Zoom Video Communications were worth $414,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Baker Avenue Asset Management LP lifted its stake in shares of Zoom Video Communications by 82.1% in the third quarter. Baker Avenue Asset Management LP now owns 28,593 shares of the company’s stock worth $1,994,000 after buying an additional 12,890 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Zoom Video Communications in the 2nd quarter worth $763,000. HighTower Advisors LLC grew its holdings in shares of Zoom Video Communications by 449.4% in the third quarter. HighTower Advisors LLC now owns 63,618 shares of the company’s stock worth $4,429,000 after acquiring an additional 52,039 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Zoom Video Communications by 15.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock valued at $87,713,000 after acquiring an additional 167,618 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in Zoom Video Communications in the third quarter valued at about $62,038,000. 66.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Aparna Bawa sold 12,075 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $79.15, for a total transaction of $955,736.25. Following the transaction, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at approximately $156,558.70. This trade represents a 85.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Chadwick sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 owns 1,514 shares of the company’s stock, valued at $121,619.62. The trade was a 94.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 489,981 shares of company stock valued at $38,712,948. Company insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

ZM has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Evercore ISI upgraded shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $70.00 to $115.00 in a research note on Tuesday, November 26th. UBS Group increased their price objective on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Mizuho increased their price target on Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Finally, Cantor Fitzgerald started coverage on Zoom Video Communications in a report on Friday. They set a “neutral” rating and a $87.00 price target on the stock. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $89.10.

Zoom Video Communications Stock Performance

Shares of Zoom Video Communications stock opened at $78.07 on Monday. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The stock has a market cap of $23.93 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 4.97 and a beta of -0.01. The stock has a 50 day moving average price of $82.98 and a 200-day moving average price of $71.73.

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.