Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,425 shares of the company's stock after selling 11,882 shares during the quarter. Vontobel Holding Ltd.'s holdings in Zoom Video Communications were worth $3,381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ZM. FMR LLC grew its position in Zoom Video Communications by 23.8% during the third quarter. FMR LLC now owns 12,444,887 shares of the company's stock valued at $867,906,000 after acquiring an additional 2,395,396 shares during the period. State Street Corp grew its position in Zoom Video Communications by 2.3% during the third quarter. State Street Corp now owns 6,106,293 shares of the company's stock valued at $425,853,000 after acquiring an additional 134,559 shares during the period. Pacer Advisors Inc. grew its position in Zoom Video Communications by 4.4% during the third quarter. Pacer Advisors Inc. now owns 5,480,179 shares of the company's stock valued at $382,188,000 after acquiring an additional 233,241 shares during the period. Geode Capital Management LLC grew its position in Zoom Video Communications by 4.2% during the third quarter. Geode Capital Management LLC now owns 4,595,435 shares of the company's stock valued at $320,177,000 after acquiring an additional 184,518 shares during the period. Finally, Two Sigma Advisers LP grew its position in Zoom Video Communications by 9.8% during the third quarter. Two Sigma Advisers LP now owns 1,448,700 shares of the company's stock valued at $101,032,000 after acquiring an additional 128,800 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Video Communications Trading Down 2.0 %

NASDAQ ZM traded down $1.72 on Thursday, hitting $83.45. 2,768,701 shares of the stock traded hands, compared to its average volume of 2,238,430. The stock has a 50-day moving average of $83.28 and a 200 day moving average of $75.85. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The company has a market capitalization of $25.58 billion and a P/E ratio of 27.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ZM shares. Hsbc Global Res raised Zoom Video Communications to a "strong-buy" rating in a research report on Tuesday, November 26th. Citigroup decreased their target price on Zoom Video Communications from $86.00 to $85.00 and set a "neutral" rating for the company in a research report on Tuesday. Sanford C. Bernstein upped their target price on Zoom Video Communications from $78.00 to $89.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 26th. Stifel Nicolaus upped their target price on Zoom Video Communications from $70.00 to $90.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Finally, Scotiabank raised Zoom Video Communications to a "hold" rating in a research report on Tuesday, November 19th. Sixteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $89.48.

Insider Buying and Selling at Zoom Video Communications

In other news, CAO Shane Crehan sold 1,412 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $111,110.28. Following the sale, the chief accounting officer now directly owns 5,404 shares in the company, valued at approximately $425,240.76. This represents a 20.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 83,333 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $83.50, for a total value of $6,958,305.50. The disclosure for this sale can be found here. Insiders have sold 382,242 shares of company stock worth $31,230,938 over the last quarter. 10.78% of the stock is owned by corporate insiders.

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.