Robeco Institutional Asset Management B.V. Reduces Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,253,061 shares of the company's stock after selling 4,653 shares during the period. Robeco Institutional Asset Management B.V. owned 0.41% of Zoom Video Communications worth $102,262,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Avior Wealth Management LLC raised its position in shares of Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company's stock worth $29,000 after buying an additional 265 shares in the last quarter. Truvestments Capital LLC bought a new position in Zoom Video Communications in the 3rd quarter worth about $37,000. Geneos Wealth Management Inc. purchased a new stake in shares of Zoom Video Communications in the 4th quarter valued at about $39,000. Allworth Financial LP boosted its position in shares of Zoom Video Communications by 43.8% during the 3rd quarter. Allworth Financial LP now owns 591 shares of the company's stock valued at $41,000 after acquiring an additional 180 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Zoom Video Communications by 56.0% during the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company's stock worth $53,000 after purchasing an additional 274 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Video Communications Trading Down 1.5 %

NASDAQ:ZM traded down $1.37 during mid-day trading on Wednesday, reaching $87.27. The company's stock had a trading volume of 2,199,237 shares, compared to its average volume of 2,422,345. The stock has a market cap of $26.75 billion, a P/E ratio of 29.09, a PEG ratio of 4.99 and a beta of -0.01. The firm's fifty day moving average price is $82.77 and its two-hundred day moving average price is $72.98. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80.

Insider Activity

In other Zoom Video Communications news, CAO Shane Crehan sold 1,412 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $111,110.28. Following the sale, the chief accounting officer now owns 5,404 shares in the company, valued at approximately $425,240.76. This trade represents a 20.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Chadwick sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $80.33, for a total transaction of $2,008,250.00. Following the completion of the transaction, the director now owns 1,514 shares of the company's stock, valued at approximately $121,619.62. The trade was a 94.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 477,481 shares of company stock valued at $37,774,948 in the last ninety days. 10.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ZM has been the subject of a number of research reports. Scotiabank upgraded Zoom Video Communications to a "hold" rating in a report on Tuesday, November 19th. Rosenblatt Securities restated a "buy" rating and issued a $78.00 price objective on shares of Zoom Video Communications in a report on Friday, November 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Zoom Video Communications in a report on Friday, January 10th. Bank of America boosted their price target on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 26th. Finally, Mizuho lifted their price objective on Zoom Video Communications from $90.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, November 26th. Sixteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $89.10.

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.