Achmea Investment Management B.V. Reduces Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Achmea Investment Management B.V. decreased its position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,922 shares of the company's stock after selling 3,903 shares during the period. Achmea Investment Management B.V.'s holdings in Zoom Video Communications were worth $892,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its stake in Zoom Video Communications by 427.0% in the 4th quarter. Rakuten Securities Inc. now owns 859 shares of the company's stock valued at $70,000 after acquiring an additional 696 shares during the period. Farther Finance Advisors LLC raised its position in shares of Zoom Video Communications by 9.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,363 shares of the company's stock valued at $274,000 after purchasing an additional 278 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Zoom Video Communications by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,908 shares of the company's stock valued at $156,000 after purchasing an additional 281 shares during the period. Wealthfront Advisers LLC boosted its holdings in Zoom Video Communications by 62.7% in the 4th quarter. Wealthfront Advisers LLC now owns 12,276 shares of the company's stock worth $1,002,000 after buying an additional 4,733 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new position in Zoom Video Communications in the 4th quarter valued at approximately $562,000. Institutional investors own 66.54% of the company's stock.

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Analyst Ratings Changes

ZM has been the topic of several recent research reports. JMP Securities restated a "market perform" rating on shares of Zoom Video Communications in a research report on Tuesday, November 26th. The Goldman Sachs Group increased their price objective on Zoom Video Communications from $72.00 to $86.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Scotiabank reduced their target price on Zoom Video Communications from $85.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price target on shares of Zoom Video Communications in a report on Wednesday. Finally, Jefferies Financial Group raised shares of Zoom Video Communications from a "hold" rating to a "buy" rating and boosted their price objective for the company from $85.00 to $100.00 in a research note on Thursday, December 19th. Fifteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Zoom Video Communications currently has an average rating of "Hold" and a consensus price target of $89.33.

Insider Activity at Zoom Video Communications

In other Zoom Video Communications news, COO Aparna Bawa sold 9,317 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $733,154.73. Following the completion of the sale, the chief operating officer now owns 14,053 shares of the company's stock, valued at $1,105,830.57. This represents a 39.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Shane Crehan sold 1,412 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $111,110.28. Following the completion of the transaction, the chief accounting officer now owns 5,404 shares in the company, valued at $425,240.76. The trade was a 20.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 369,271 shares of company stock worth $29,496,892 in the last ninety days. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Trading Up 1.1 %

Shares of NASDAQ:ZM traded up $0.81 on Wednesday, reaching $76.26. 1,680,390 shares of the company traded hands, compared to its average volume of 3,019,569. The stock has a market capitalization of $23.28 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 5.48 and a beta of 0.26. The business's 50-day simple moving average is $80.20 and its 200 day simple moving average is $77.80. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80.

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.