Bank Julius Baer & Co. Ltd Zurich Buys 1,816 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 28.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,147 shares of the company’s stock after acquiring an additional 1,816 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Zoom Video Communications were worth $586,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its stake in shares of Zoom Video Communications by 639.9% in the 3rd quarter. Acadian Asset Management LLC now owns 1,629,081 shares of the company’s stock valued at $113,916,000 after purchasing an additional 1,408,908 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Zoom Video Communications by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company’s stock valued at $1,587,326,000 after purchasing an additional 1,000,005 shares during the last quarter. ARK Investment Management LLC boosted its stake in shares of Zoom Video Communications by 7.7% in the 4th quarter. ARK Investment Management LLC now owns 10,964,576 shares of the company’s stock valued at $788,463,000 after purchasing an additional 781,663 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Zoom Video Communications by 5,787.2% in the 4th quarter. International Assets Investment Management LLC now owns 583,190 shares of the company’s stock valued at $41,937,000 after purchasing an additional 573,284 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Zoom Video Communications by 36.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,826,433 shares of the company’s stock valued at $131,339,000 after purchasing an additional 487,796 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Stock Performance

Shares of ZM stock opened at $62.00 on Friday. Zoom Video Communications, Inc. has a 52 week low of $58.87 and a 52 week high of $75.90. The company has a market capitalization of $19.07 billion, a P/E ratio of 30.39 and a beta of -0.07. The company’s 50 day moving average price is $64.57 and its two-hundred day moving average price is $65.77.

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

Insider Activity

In other news, CEO Eric S. Yuan sold 27,963 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $61.98, for a total value of $1,733,146.74. Following the completion of the sale, the chief executive officer now owns 95,140 shares of the company’s stock, valued at $5,896,777.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Zoom Video Communications news, CEO Eric S. Yuan sold 27,963 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $61.98, for a total transaction of $1,733,146.74. Following the completion of the transaction, the chief executive officer now owns 95,140 shares of the company’s stock, valued at $5,896,777.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Velchamy Sankarlingam sold 1,553 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total transaction of $108,710.00. Following the completion of the transaction, the insider now owns 71,956 shares in the company, valued at approximately $5,036,920. The disclosure for this sale can be found here. Insiders have sold 93,224 shares of company stock worth $5,872,091 over the last ninety days. Insiders own 11.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ZM shares. JPMorgan Chase & Co. reduced their target price on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Wedbush reissued a “neutral” rating and set a $80.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 27th. Rosenblatt Securities raised shares of Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Thursday, April 18th. Piper Sandler lifted their price objective on shares of Zoom Video Communications from $69.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Finally, Mizuho reduced their price objective on shares of 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 given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.56.

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.