Susquehanna Fundamental Investments LLC Makes New Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

Susquehanna Fundamental Investments LLC purchased a new stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 249,286 shares of the company's stock, valued at approximately $20,344,000. Susquehanna Fundamental Investments LLC owned 0.08% of Zoom Video Communications at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZM. Merit Financial Group LLC purchased a new stake in shares of Zoom Video Communications during the 4th quarter valued at $1,072,000. Nordea Investment Management AB raised its stake in Zoom Video Communications by 202.8% in the fourth quarter. Nordea Investment Management AB now owns 779,051 shares of the company's stock valued at $64,054,000 after buying an additional 521,778 shares during the last quarter. Retirement Systems of Alabama raised its stake in Zoom Video Communications by 48.1% in the third quarter. Retirement Systems of Alabama now owns 903,797 shares of the company's stock valued at $63,031,000 after buying an additional 293,375 shares during the last quarter. Swedbank AB boosted its holdings in Zoom Video Communications by 96.3% in the fourth quarter. Swedbank AB now owns 82,247 shares of the company's stock worth $6,712,000 after acquiring an additional 40,351 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Zoom Video Communications by 8.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 93,872 shares of the company's stock valued at $7,868,000 after acquiring an additional 7,518 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zoom Video Communications

In other Zoom Video Communications news, COO Aparna Bawa sold 16,099 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $72.59, for a total value of $1,168,626.41. Following the transaction, the chief operating officer now owns 1,978 shares of the company's stock, valued at $143,583.02. This represents a 89.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $851,342.49. Following the transaction, the insider now directly owns 125,529 shares of the company's stock, valued at approximately $9,026,790.39. This trade represents a 8.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 245,372 shares of company stock worth $19,127,800 in the last 90 days. Insiders own 10.78% of the company's stock.

Analysts Set New Price Targets

ZM has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Citigroup dropped their price objective on shares of Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Benchmark reissued a "buy" rating and issued a $97.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $87.00 target price on shares of Zoom Video Communications in a report on Tuesday, February 25th. Finally, Stifel Nicolaus cut their price target on shares of Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating on the stock in a report on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $85.90.

Zoom Video Communications Trading Up 0.2 %

Zoom Video Communications stock traded up $0.13 during midday trading on Monday, hitting $76.16. 1,911,567 shares of the stock were exchanged, compared to its average volume of 3,049,296. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 5.48 and a beta of 0.67. The stock's 50-day simple moving average is $74.02 and its 200 day simple moving average is $78.79. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week 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.