DCF Advisers LLC Boosts Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

DCF Advisers LLC increased its stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 28.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,500 shares of the company's stock after purchasing an additional 5,000 shares during the period. DCF Advisers LLC's holdings in Zoom Video Communications were worth $1,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. boosted its position in shares of Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock worth $28,000 after purchasing an additional 190 shares in the last quarter. Avior Wealth Management LLC raised its stake in Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after buying an additional 265 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Zoom Video Communications by 277.4% during 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 in the last quarter. Truvestments Capital LLC acquired a new position in Zoom Video Communications in the third quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Zoom Video Communications in the fourth quarter worth about $39,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ZM shares. Cantor Fitzgerald restated a "neutral" rating and set a $87.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Scotiabank lowered their price target on Zoom Video Communications from $85.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Monday, March 17th. UBS Group cut their price objective on Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Hsbc Global Res raised shares of Zoom Video Communications to a "strong-buy" rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley upped their price target on shares of Zoom Video Communications from $86.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 18th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Zoom Video Communications has an average rating of "Hold" and a consensus target price of $89.33.

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Zoom Video Communications Stock Down 0.1 %

Shares of NASDAQ ZM traded down $0.07 during midday trading on Tuesday, reaching $78.13. 1,586,158 shares of the company were exchanged, compared to its average volume of 3,038,827. The stock has a market cap of $23.85 billion, a P/E ratio of 26.04, a PEG ratio of 5.48 and a beta of 0.26. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The stock's 50-day moving average price is $79.97 and its 200-day moving average price is $78.03.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, COO Aparna Bawa sold 9,317 shares of the stock in a transaction dated Friday, January 10th. The stock was 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 directly owns 14,053 shares in the company, valued at approximately $1,105,830.57. This trade represents a 39.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Eric S. Yuan sold 33,751 shares of the business's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $78.69, for a total value of $2,655,866.19. Following the completion of the transaction, the chief executive officer now directly owns 34,703 shares in the company, valued at $2,730,779.07. This represents a 49.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 369,271 shares of company stock worth $29,496,892. 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.