Mizuho Markets Americas LLC Acquires New Shares in Zoom Video Communications, Inc. (NASDAQ:ZM)

Mizuho Markets Americas LLC acquired a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 26,524 shares of the company's stock, valued at approximately $1,850,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZM. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Zoom Video Communications by 1.9% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company's stock worth $556,000 after acquiring an additional 145 shares in the last quarter. Allworth Financial LP boosted its holdings in Zoom Video Communications by 43.8% during the third quarter. Allworth Financial LP now owns 591 shares of the company's stock worth $41,000 after purchasing an additional 180 shares during the last quarter. Axiom Advisory LLC grew its position in Zoom Video Communications by 1.6% in the third quarter. Axiom Advisory LLC now owns 11,712 shares of the company's stock valued at $817,000 after purchasing an additional 183 shares in the last quarter. Baader Bank Aktiengesellschaft increased its stake in 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 during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Zoom Video Communications by 1.7% during the 2nd 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 in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zoom Video Communications news, CEO Eric S. Yuan sold 178,571 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was 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 SEC, which is available at this link. Also, CAO Shane Crehan sold 1,550 shares of Zoom Video Communications stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total value of $103,648.50. Following the completion of the transaction, the chief accounting officer now owns 1,463 shares in the company, valued at approximately $97,830.81. The trade was a 51.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 372,121 shares of company stock valued at $27,095,467 over the last quarter. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Price Performance

ZM stock opened at $81.14 on Friday. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $87.15. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 6.99 and a beta of -0.05. The business's fifty day moving average price is $72.07 and its two-hundred day moving average price is $64.87.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.18. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm earned $0.55 earnings per share. Zoom Video Communications's revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts expect that Zoom Video Communications, Inc. will post 2.77 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ZM shares. Rosenblatt Securities restated a "buy" rating and issued a $78.00 price objective on shares of Zoom Video Communications in a report on Friday, October 4th. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Zoom Video Communications in a research note on Thursday, October 10th. Needham & Company LLC reiterated a "hold" rating on shares of Zoom Video Communications in a research note on Friday, October 11th. Stifel Nicolaus raised their target price on shares of Zoom Video Communications from $65.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, October 10th. Finally, UBS Group upgraded shares of Zoom Video Communications to a "hold" rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Zoom Video Communications currently has an average rating of "Hold" and an average price target of $76.26.

About Zoom Video Communications

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.