National Pension Service Acquires 151,728 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

National Pension Service increased its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 30.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 655,227 shares of the company's stock after acquiring an additional 151,728 shares during the period. National Pension Service owned about 0.21% of Zoom Video Communications worth $45,696,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZM. Innealta Capital LLC bought a new position in shares of Zoom Video Communications during the second quarter valued at $33,000. Allworth Financial LP lifted its holdings in Zoom Video Communications by 43.8% during the 3rd quarter. Allworth Financial LP now owns 591 shares of the company's stock worth $41,000 after buying an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Zoom Video Communications in the 2nd quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Zoom Video Communications in the second quarter valued at about $41,000. Finally, Versant Capital Management Inc raised its position in shares of Zoom Video Communications by 1,257.7% during the second quarter. Versant Capital Management Inc now owns 964 shares of the company's stock worth $57,000 after acquiring an additional 893 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Insider Buying and Selling at Zoom Video Communications

In related news, Director Jonathan Chadwick sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $75.04, for a total transaction of $938,000.00. Following the sale, the director now owns 1,514 shares of the company's stock, valued at approximately $113,610.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Velchamy Sankarlingam sold 3,614 shares of Zoom Video Communications stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total transaction of $241,668.18. Following the completion of the sale, the insider now owns 94,000 shares in the company, valued at approximately $6,285,780. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Chadwick sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $75.04, for a total transaction of $938,000.00. Following the completion of the transaction, the director now owns 1,514 shares in the company, valued at approximately $113,610.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,550 shares of company stock valued at $13,361,571 in the last quarter. 10.78% of the stock is currently owned by corporate insiders.

Zoom Video Communications Trading Up 0.6 %

Shares of NASDAQ:ZM traded up $0.50 during mid-day trading on Thursday, reaching $80.19. The company had a trading volume of 2,288,323 shares, compared to its average volume of 3,223,057. The company's 50-day moving average price is $70.01 and its 200-day moving average price is $63.80. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $80.47. The firm has a market cap of $24.68 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 6.51 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.21 by $0.18. The business had revenue of $1.16 billion for 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, research analysts anticipate that Zoom Video Communications, Inc. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ZM shares. Wells Fargo & Company lifted their target price on shares of Zoom Video Communications from $55.00 to $60.00 and gave the stock an "underweight" rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Zoom Video Communications from $71.00 to $75.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Zoom Video Communications in a report on Friday, October 11th. Wedbush initiated coverage on Zoom Video Communications in a report on Thursday, October 17th. They set an "outperform" rating and a $85.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Zoom Video Communications from $65.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $75.32.

About Zoom Video Communications

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.