7,839 Shares in Zoom Video Communications, Inc. (NASDAQ:ZM) Purchased by APG Asset Management US Inc.

APG Asset Management US Inc. bought a new position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 7,839 shares of the company's stock, valued at approximately $640,000.

A number of other hedge funds have also bought and sold shares of the company. Martingale Asset Management L P boosted its holdings in Zoom Video Communications by 5.3% during the 4th quarter. Martingale Asset Management L P now owns 319,147 shares of the company's stock valued at $26,046,000 after acquiring an additional 16,053 shares during the period. APG Asset Management N.V. boosted its stake in shares of Zoom Video Communications by 1,127.7% during the fourth quarter. APG Asset Management N.V. now owns 157,083 shares of the company's stock valued at $12,380,000 after purchasing an additional 144,288 shares during the period. Sand Hill Global Advisors LLC boosted its stake in shares of Zoom Video Communications by 11.2% during the fourth quarter. Sand Hill Global Advisors LLC now owns 123,610 shares of the company's stock valued at $10,088,000 after purchasing an additional 12,482 shares during the period. Abacus FCF Advisors LLC grew its holdings in shares of Zoom Video Communications by 192.3% in the fourth quarter. Abacus FCF Advisors LLC now owns 64,412 shares of the company's stock worth $5,257,000 after purchasing an additional 42,374 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Zoom Video Communications by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 4,304,848 shares of the company's stock valued at $351,319,000 after buying an additional 380,900 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently commented on ZM shares. Benchmark reaffirmed a "buy" rating and set a $97.00 target price on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. UBS Group dropped their price target on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Cantor Fitzgerald restated a "neutral" rating and issued a $87.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. Finally, Citigroup dropped their target price on shares of Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Fifteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $89.33.

Zoom Video Communications Price Performance

ZM traded up $0.64 on Monday, reaching $71.98. 1,660,358 shares of the stock were exchanged, compared to its average volume of 3,098,641. The company's 50-day moving average price is $76.77 and its 200 day moving average price is $78.49. The firm has a market capitalization of $21.97 billion, a PE ratio of 23.99, a PEG ratio of 5.48 and a beta of 0.67. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80.

Insider Buying and Selling

In other Zoom Video Communications news, Director Santiago Subotovsky sold 2,475 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $77.86, for a total value of $192,703.50. Following the completion of the transaction, the director now directly owns 169,452 shares of the company's stock, valued at approximately $13,193,532.72. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric S. Yuan sold 75,531 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. Insiders sold 198,413 shares of company stock valued at $16,009,889 over the last quarter. 10.78% of the stock is currently owned by company insiders.

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.