KBC Group NV Has $143.93 Million Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

KBC Group NV lessened its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,763,611 shares of the company's stock after selling 43,009 shares during the quarter. KBC Group NV owned 0.58% of Zoom Video Communications worth $143,929,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC grew its position 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 acquiring an additional 265 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Zoom Video Communications during the third quarter worth $37,000. Geneos Wealth Management Inc. acquired a new stake in shares of Zoom Video Communications in the fourth quarter valued at $39,000. Allworth Financial LP raised its holdings in shares of Zoom Video Communications by 43.8% in the third quarter. Allworth Financial LP now owns 591 shares of the company's stock valued at $41,000 after buying an additional 180 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Zoom Video Communications by 56.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 763 shares of the company's stock worth $53,000 after buying an additional 274 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Zoom Video Communications Price Performance

ZM stock traded up $1.83 during midday trading on Monday, reaching $82.00. 2,258,167 shares of the stock were exchanged, compared to its average volume of 2,276,929. The stock has a market capitalization of $25.13 billion, a PE ratio of 27.33, a P/E/G ratio of 4.99 and a beta of -0.01. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80. The company has a fifty day moving average price of $82.49 and a 200 day moving average price of $72.59.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ZM shares. JMP Securities reaffirmed a "market perform" rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, November 26th. Benchmark lifted their target price on Zoom Video Communications from $85.00 to $97.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Cantor Fitzgerald started coverage on Zoom Video Communications in a research note on Friday, January 17th. They set a "neutral" rating and a $87.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on Zoom Video Communications from $70.00 to $90.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Sixteen equities 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $89.10.

Insider Buying and Selling

In other Zoom Video Communications news, Director Jonathan Chadwick sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total transaction of $2,008,250.00. Following the completion of the sale, the director now owns 1,514 shares of the company's stock, valued at approximately $121,619.62. This represents a 94.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 178,571 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total transaction of $13,733,895.61. The disclosure for this sale can be found here. Insiders have sold a total of 489,981 shares of company stock worth $38,712,948 in the last ninety days. 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.