Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP raised its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 216.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,510 shares of the company's stock after purchasing an additional 40,003 shares during the period. Marshall Wace LLP's holdings in Zoom Video Communications were worth $4,775,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Global X Japan Co. Ltd. lifted its holdings in 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 purchasing an additional 190 shares in the last quarter. Avior Wealth Management LLC boosted its position in Zoom Video Communications by 291.2% during the fourth 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. Parkside Financial Bank & Trust grew its stake in Zoom Video Communications by 277.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock valued at $29,000 after acquiring an additional 258 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Zoom Video Communications in the 4th quarter valued at about $39,000. Finally, MRP Capital Investments LLC lifted its stake in Zoom Video Communications by 500.0% in 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 in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Insider Activity

In other Zoom Video Communications news, 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 value of $851,342.49. Following the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric S. Yuan sold 83,332 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $86.28, for a total value of $7,189,884.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 242,897 shares of company stock valued at $18,941,111. 10.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ZM shares. Scotiabank cut their price target on Zoom Video Communications from $85.00 to $75.00 and set a "sector perform" rating for the company in a report on Monday, March 17th. Barclays cut their target price 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. Needham & Company LLC reiterated a "hold" rating on shares of Zoom Video Communications in a report on Tuesday, February 25th. UBS Group dropped their price objective on shares of Zoom Video Communications from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Benchmark reaffirmed a "buy" rating and set a $97.00 target price on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Fifteen 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $85.90.

Zoom Video Communications Stock Up 0.2 %

NASDAQ ZM traded up $0.13 during trading on Monday, hitting $76.16. The stock had a trading volume of 1,911,567 shares, compared to its average volume of 3,049,296. The company has a market capitalization of $23.25 billion, a PE ratio of 25.39, a PEG ratio of 5.48 and a beta of 0.67. The firm has a 50 day moving average price of $74.20 and a 200 day moving average price of $78.75. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80.

Zoom Video Communications 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.