Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Purchased by Bank Hapoalim BM

Bank Hapoalim BM lifted its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,560 shares of the company's stock after purchasing an additional 8,439 shares during the period. Bank Hapoalim BM's holdings in Zoom Video Communications were worth $5,409,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Zoom Video Communications in the 2nd quarter worth approximately $763,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Zoom Video Communications by 9.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 441,168 shares of the company's stock worth $30,171,000 after acquiring an additional 38,924 shares during the period. Klein Pavlis & Peasley Financial Inc. purchased a new stake in Zoom Video Communications in the 3rd quarter worth approximately $827,000. Andra AP fonden grew its stake in Zoom Video Communications by 78.0% in the 2nd quarter. Andra AP fonden now owns 238,700 shares of the company's stock worth $14,129,000 after acquiring an additional 104,600 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new stake in Zoom Video Communications in the 3rd quarter worth approximately $1,245,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Video Communications Stock Down 0.1 %

Shares of ZM traded down $0.04 during midday trading on Thursday, hitting $74.74. The company had a trading volume of 1,675,529 shares, compared to its average volume of 3,241,099. The company's 50 day moving average price is $69.39 and its 200 day moving average price is $63.21. The stock has a market cap of $23.00 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 6.26 and a beta of -0.04. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $75.96.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last released its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.18. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The company's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities analysts anticipate that Zoom Video Communications, Inc. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Zoom Video Communications from $65.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, October 10th. Piper Sandler decreased their price target on shares of Zoom Video Communications from $72.00 to $68.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. UBS Group upgraded shares of Zoom Video Communications to a "hold" rating in a report on Friday, July 26th. Needham & Company LLC reiterated a "hold" rating on shares of Zoom Video Communications in a report on Friday, October 11th. Finally, Robert W. Baird decreased their price target on shares of Zoom Video Communications from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Zoom Video Communications has a consensus rating of "Hold" and a consensus target price of $75.32.

Insider Transactions at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 35,722 shares of the business's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $71.45, for a total transaction of $2,552,336.90. Following the completion of the sale, the chief executive officer now owns 57,371 shares of the company's stock, valued at $4,099,157.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Eric S. Yuan sold 35,722 shares of the business's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $71.45, for a total transaction of $2,552,336.90. Following the completion of the sale, the chief executive officer now owns 57,371 shares of the company's stock, valued at $4,099,157.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 831 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total transaction of $55,086.99. Following the sale, the chief operating officer now directly owns 1,978 shares of the company's stock, valued at approximately $131,121.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 188,477 shares of company stock valued at $12,842,978. Insiders own 10.78% of the company's stock.

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.