TD Waterhouse Canada Inc. Has $295,000 Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

TD Waterhouse Canada Inc. lifted its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 1,065.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,614 shares of the company's stock after purchasing an additional 3,304 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Zoom Video Communications were worth $295,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Tri Ri Asset Management Corp bought a new stake in Zoom Video Communications during the third quarter worth $2,653,000. Franklin Resources Inc. raised its holdings in shares of Zoom Video Communications by 53.6% in the 3rd quarter. Franklin Resources Inc. now owns 331,782 shares of the company's stock valued at $22,537,000 after purchasing an additional 115,837 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Zoom Video Communications by 48.1% in the 3rd quarter. Retirement Systems of Alabama now owns 903,797 shares of the company's stock valued at $63,031,000 after purchasing an additional 293,375 shares during the period. Versant Capital Management Inc lifted its stake in Zoom Video Communications by 53.0% in the 4th quarter. Versant Capital Management Inc now owns 1,509 shares of the company's stock valued at $123,000 after purchasing an additional 523 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Zoom Video Communications by 27.1% during the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company's stock worth $63,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.

Zoom Video Communications Stock Performance

Shares of ZM opened at $76.03 on Friday. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 5.48 and a beta of 0.67. The business's fifty day moving average is $74.20 and its 200-day moving average is $78.69.

Insiders Place Their Bets

In other Zoom Video Communications news, CEO Eric S. Yuan sold 41,121 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $72.18, for a total transaction of $2,968,113.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Velchamy Sankarlingam sold 11,839 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were 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 $9,026,790.39. The trade was a 8.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 242,897 shares of company stock valued at $18,941,111. 10.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Zoom Video Communications in a research report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $87.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. Mizuho decreased their price objective on shares of Zoom Video Communications from $105.00 to $71.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Scotiabank cut their target price on shares of Zoom Video Communications from $85.00 to $75.00 and set a "sector perform" rating for the company in a research note on Monday, March 17th. Finally, Stifel Nicolaus reduced their target price on shares of Zoom Video Communications from $90.00 to $85.00 and set a "hold" rating for the company in a report on Tuesday, February 25th. Fifteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Zoom Video Communications presently has an average rating of "Hold" and a consensus price target of $85.90.

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.

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