Dimensional Fund Advisors LP Purchases 115,802 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Dimensional Fund Advisors LP raised its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,662,680 shares of the company's stock after purchasing an additional 115,802 shares during the quarter. Dimensional Fund Advisors LP owned about 0.54% of Zoom Video Communications worth $135,707,000 as of its most recent filing with the SEC.

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

Zoom Video Communications Stock Up 0.2 %

Zoom Video Communications stock traded up $0.13 during mid-day trading on Monday, reaching $76.16. The company had a trading volume of 1,911,567 shares, compared to its average volume of 3,049,296. The firm has a market cap of $23.25 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 5.48 and a beta of 0.67. The company has a 50 day moving average of $74.02 and a 200-day moving average of $78.79. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Benchmark reissued a "buy" rating and set a $97.00 price target on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating on the stock 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. Citigroup dropped their price target on shares of Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $87.00 target price on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Fifteen research 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, Zoom Video Communications presently has a consensus rating of "Hold" and a consensus target price of $85.90.

Insider Activity at Zoom Video Communications

In other news, Director Santiago Subotovsky sold 2,475 shares of Zoom Video Communications stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $75.43, for a total transaction of $186,689.25. Following the sale, the director now directly owns 160,299 shares in the company, valued at approximately $12,091,353.57. The trade was a 1.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Velchamy Sankarlingam sold 11,839 shares of the 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 completion of the transaction, the insider now directly owns 125,529 shares of the company's stock, valued at $9,026,790.39. This trade represents a 8.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 245,372 shares of company stock worth $19,127,800. Company insiders own 10.78% of the company's stock.

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.