Generali Asset Management SPA SGR Takes Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Generali Asset Management SPA SGR acquired a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,500 shares of the company's stock, valued at approximately $3,060,000.

Other large investors have also recently bought and sold shares of the company. Global X Japan Co. Ltd. raised its holdings in shares of Zoom Video Communications by 127.5% during 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 in the last quarter. Avior Wealth Management LLC grew its position 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 last quarter. Parkside Financial Bank & Trust raised its stake 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 bought a new position in shares of Zoom Video Communications in the third quarter worth about $37,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Zoom Video Communications in the 4th quarter valued at approximately $39,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on ZM. Hsbc Global Res raised shares of Zoom Video Communications to a "strong-buy" rating in a research note on Tuesday, November 26th. Barclays dropped their price target on Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. UBS Group reduced their price objective 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. Sanford C. Bernstein increased their target price on Zoom Video Communications from $78.00 to $89.00 and gave the company a "market perform" rating in a research report on Tuesday, November 26th. Finally, JMP Securities reissued a "market perform" rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Fifteen 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $89.33.

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Insider Activity at Zoom Video Communications

In related news, insider Velchamy Sankarlingam sold 10,817 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $851,189.73. Following the sale, the insider now directly owns 117,760 shares in the company, valued at approximately $9,266,534.40. The trade was a 8.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric S. Yuan sold 75,531 shares of the stock in a transaction dated 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. Over the last quarter, insiders have sold 369,271 shares of company stock worth $29,496,892. Insiders own 10.78% of the company's stock.

Zoom Video Communications Stock Performance

ZM traded up $2.23 during midday trading on Monday, reaching $78.20. The company had a trading volume of 1,969,972 shares, compared to its average volume of 3,038,958. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The business has a 50-day moving average price of $79.98 and a two-hundred day moving average price of $77.95. The stock has a market cap of $23.87 billion, a PE ratio of 26.07, a P/E/G ratio of 5.48 and a beta of 0.26.

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.