Landscape Capital Management L.L.C. Reduces Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Landscape Capital Management L.L.C. lowered its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 30.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,575 shares of the company’s stock after selling 10,086 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Zoom Video Communications were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Primecap Management Co. CA grew its holdings in Zoom Video Communications by 0.7% in the third quarter. Primecap Management Co. CA now owns 1,289,150 shares of the company’s stock worth $89,905,000 after purchasing an additional 8,625 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Zoom Video Communications during the 3rd quarter valued at about $443,000. Banque Cantonale Vaudoise raised its position in Zoom Video Communications by 22.2% in the third quarter. Banque Cantonale Vaudoise now owns 5,253 shares of the company’s stock worth $366,000 after acquiring an additional 956 shares during the period. Quest Partners LLC lifted its position in Zoom Video Communications by 28.2% during the third quarter. Quest Partners LLC now owns 9,214 shares of the company’s stock valued at $643,000 after purchasing an additional 2,029 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Zoom Video Communications by 1.3% during the 3rd quarter. Swiss National Bank now owns 743,300 shares of the company’s stock valued at $51,838,000 after buying an additional 9,400 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Video Communications Stock Performance

Zoom Video Communications stock opened at $81.20 on Friday. The company has a market capitalization of $24.99 billion, a PE ratio of 29.10, a P/E/G ratio of 6.64 and a beta of -0.05. The company has a 50 day moving average price of $73.06 and a 200-day moving average price of $65.32. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $87.15.

Zoom Video Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $0.55 EPS. Zoom Video Communications’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Zoom Video Communications, Inc. will post 2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ZM. Morgan Stanley upped their target price 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, November 13th. Stifel Nicolaus increased their price target on Zoom Video Communications from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their price target on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. UBS Group raised Zoom Video Communications to a “hold” rating in a report on Friday, July 26th. Finally, Wedbush assumed coverage on shares of Zoom Video Communications in a research report on Thursday, October 17th. They issued an “outperform” rating and a $85.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Zoom Video Communications currently has a consensus rating of “Hold” and a consensus target price of $76.61.

Insider Activity

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 3,614 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total transaction of $241,668.18. Following the completion of the sale, the insider now directly owns 94,000 shares of the company’s stock, valued at approximately $6,285,780. This represents a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Aparna Bawa sold 880 shares of Zoom Video Communications stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $68.09, for a total transaction of $59,919.20. Following the completion of the transaction, the chief operating officer now directly owns 2,809 shares in the company, valued at approximately $191,264.81. The trade was a 23.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 367,108 shares of company stock worth $26,796,191. 10.78% of the stock is currently owned by corporate insiders.

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.