Banco Bilbao Vizcaya Argentaria S.A. Sells 78,327 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 29.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 188,692 shares of the company's stock after selling 78,327 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.06% of Zoom Video Communications worth $15,437,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Global X Japan Co. Ltd. boosted its holdings in shares of Zoom Video Communications by 127.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock valued at $28,000 after buying an additional 190 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Zoom Video Communications by 277.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock worth $29,000 after acquiring an additional 258 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Zoom Video Communications during the fourth quarter valued at approximately $39,000. Finally, MRP Capital Investments LLC raised its position in shares of Zoom Video Communications by 500.0% during the 4th quarter. MRP Capital Investments LLC now owns 600 shares of the company's stock worth $49,000 after purchasing an additional 500 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Video Communications Stock Performance

Shares of NASDAQ ZM traded up $0.13 during trading hours on Monday, reaching $76.16. 1,911,567 shares of the stock were exchanged, compared to its average volume of 3,049,296. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 5.48 and a beta of 0.67. The stock's fifty day simple moving average is $74.20 and its 200 day simple moving average is $78.75. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80.

Insider Buying and Selling

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 11,839 shares of Zoom Video Communications stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $71.91, for a total transaction of $851,342.49. Following the transaction, the insider now directly owns 125,529 shares of the company's stock, valued at approximately $9,026,790.39. The trade was a 8.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Aparna Bawa sold 16,099 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $72.59, for a total value of $1,168,626.41. Following the completion of the transaction, the chief operating officer now directly owns 1,978 shares in the company, valued at approximately $143,583.02. This represents a 89.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 242,897 shares of company stock valued at $18,941,111 over the last 90 days. 10.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group lowered their price target on shares of Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Benchmark restated a "buy" rating and issued 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 report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 price objective on shares of Zoom Video Communications in a research report on Wednesday, March 19th. Finally, Barclays lowered their target price on Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $85.90.

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.