26,524 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,524 shares of the company’s stock, valued at approximately $1,850,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZM. Pacer Advisors Inc. increased its stake in shares of Zoom Video Communications by 96.7% in the 2nd quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock valued at $310,566,000 after acquiring an additional 2,579,720 shares during the last quarter. AQR Capital Management LLC increased its stake in Zoom Video Communications by 78.5% in the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after purchasing an additional 2,520,987 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Zoom Video Communications by 60.9% in the second quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock worth $290,153,000 after purchasing an additional 1,855,679 shares during the period. International Assets Investment Management LLC boosted its position in shares of Zoom Video Communications by 6,614.6% during the third quarter. International Assets Investment Management LLC now owns 499,966 shares of the company’s stock worth $34,868,000 after purchasing an additional 492,520 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Zoom Video Communications by 297.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 639,669 shares of the company’s stock valued at $41,815,000 after buying an additional 478,769 shares during the period. 66.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Wells Fargo & Company lifted their price objective on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Wedbush assumed coverage on Zoom Video Communications in a research note on Thursday, October 17th. They set an “outperform” rating and a $85.00 target price for the company. Benchmark lifted their price target on shares of Zoom Video Communications from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley increased their price objective on shares of Zoom Video Communications from $68.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.26.

Insider Transactions at Zoom Video Communications

In related news, insider Velchamy Sankarlingam sold 3,614 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total value of $241,668.18. Following the completion of the sale, the insider now directly owns 94,000 shares in the company, valued at approximately $6,285,780. The trade was a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Aparna Bawa sold 831 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $66.29, for a total value of $55,086.99. Following the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at $131,121.62. This represents a 29.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 372,121 shares of company stock worth $27,095,467 over the last quarter. Company insiders own 10.78% of the company’s stock.

Zoom Video Communications Stock Performance

Shares of NASDAQ:ZM opened at $81.14 on Friday. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $87.15. The company has a market capitalization of $24.97 billion, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 6.99 and a beta of -0.05. The company has a 50-day simple moving average of $72.07 and a 200 day simple moving average of $64.87.

Zoom Video Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Zoom Video Communications, Inc. will post 2.77 earnings per share for the current year.

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.