Sand Hill Global Advisors LLC Increases Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Sand Hill Global Advisors LLC grew its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,610 shares of the company's stock after buying an additional 12,482 shares during the quarter. Sand Hill Global Advisors LLC's holdings in Zoom Video Communications were worth $10,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company's stock valued at $28,000 after buying an additional 190 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Zoom Video Communications by 277.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company's stock valued at $29,000 after purchasing an additional 258 shares in the last quarter. Avior Wealth Management LLC increased its position in 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. Geneos Wealth Management Inc. bought a new position in shares of Zoom Video Communications in the fourth quarter worth about $39,000. Finally, MRP Capital Investments LLC lifted its position in shares of Zoom Video Communications by 500.0% during the 4th quarter. MRP Capital Investments LLC now owns 600 shares of the company's stock valued at $49,000 after buying an additional 500 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Zoom Video Communications

In other news, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $77.86, for a total value of $192,703.50. Following the completion of the sale, the director now owns 169,452 shares in the company, valued at approximately $13,193,532.72. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 75,531 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. Insiders have sold a total of 316,449 shares of company stock worth $25,338,274 over the last ninety days. Company insiders own 10.78% of the company's stock.

Zoom Video Communications Trading Up 2.5 %

Shares of NASDAQ:ZM traded up $1.73 during trading on Friday, reaching $71.34. The company's stock had a trading volume of 1,929,318 shares, compared to its average volume of 3,104,395. The stock has a market capitalization of $21.78 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 5.48 and a beta of 0.67. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The firm's 50 day simple moving average is $76.77 and its two-hundred day simple moving average is $78.49.

Analyst Ratings Changes

ZM has been the subject of several analyst reports. Benchmark reissued a "buy" rating and issued a $97.00 target price on shares of Zoom Video Communications in a report on Tuesday, February 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $87.00 target price on shares of Zoom Video Communications in a report on Tuesday, February 25th. Scotiabank decreased their price target on Zoom Video Communications from $85.00 to $75.00 and set a "sector perform" rating on the stock 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 report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zoom Video Communications in a report on Tuesday, February 25th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $89.33.

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.