Zoom Video Communications, Inc. (NASDAQ:ZM) Stake Raised by KBC Group NV

KBC Group NV raised its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,806,620 shares of the company’s stock after acquiring an additional 3,812 shares during the quarter. KBC Group NV owned approximately 0.59% of Zoom Video Communications worth $125,993,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP boosted its position in Zoom Video Communications by 43.8% during 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. Axiom Advisory LLC lifted its holdings in shares of Zoom Video Communications by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 11,712 shares of the company’s stock valued at $817,000 after buying an additional 183 shares during the last quarter. Baader Bank Aktiengesellschaft grew its stake in shares of Zoom Video Communications by 0.8% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 23,189 shares of the company’s stock valued at $1,370,000 after buying an additional 189 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Zoom Video Communications by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 13,411 shares of the company’s stock worth $794,000 after buying an additional 223 shares during the last quarter. Finally, Excalibur Management Corp raised its position in Zoom Video Communications by 5.6% during the second quarter. Excalibur Management Corp now owns 4,344 shares of the company’s stock valued at $257,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In other news, COO Aparna Bawa sold 880 shares of Zoom Video Communications stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $68.09, for a total value of $59,919.20. Following the sale, the chief operating officer now directly owns 2,809 shares in the company, valued at $191,264.81. This trade 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 available at the SEC website. In related news, CEO Eric S. Yuan sold 178,571 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total value of $13,733,895.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Aparna Bawa sold 880 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $68.09, for a total value of $59,919.20. Following the transaction, the chief operating officer now directly owns 2,809 shares in the company, valued at approximately $191,264.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,121 shares of company stock worth $27,095,467 over the last three months. Corporate insiders own 10.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ZM. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Benchmark increased their price objective on Zoom Video Communications from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a report on Friday, October 11th. Morgan Stanley increased their price target on Zoom Video Communications from $68.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Robert W. Baird decreased their price objective on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.26.

Zoom Video Communications Price Performance

Zoom Video Communications stock opened at $85.04 on Thursday. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $87.15. The firm has a market capitalization of $26.17 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 7.44 and a beta of -0.05. The company’s 50 day simple moving average is $71.14 and its 200 day simple moving average is $64.45.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, analysts predict that Zoom Video Communications, Inc. will post 2.74 EPS for the current fiscal year.

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.