XTX Topco Ltd Has $473,000 Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

XTX Topco Ltd cut its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 73.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,777 shares of the company's stock after selling 18,377 shares during the quarter. XTX Topco Ltd's holdings in Zoom Video Communications were worth $473,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ZM. Baker Avenue Asset Management LP grew its holdings in Zoom Video Communications by 82.1% during the third quarter. Baker Avenue Asset Management LP now owns 28,593 shares of the company's stock valued at $1,994,000 after purchasing an additional 12,890 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Zoom Video Communications in the 2nd quarter worth $763,000. HighTower Advisors LLC lifted its position in Zoom Video Communications by 449.4% during the 3rd quarter. HighTower Advisors LLC now owns 63,618 shares of the company's stock worth $4,429,000 after acquiring an additional 52,039 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Zoom Video Communications by 15.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company's stock valued at $87,713,000 after acquiring an additional 167,618 shares during the period. Finally, National Pension Service grew its position in shares of Zoom Video Communications by 30.1% in the third quarter. National Pension Service now owns 655,227 shares of the company's stock valued at $45,696,000 after purchasing an additional 151,728 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 10,338 shares of the company's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $69.51, for a total transaction of $718,594.38. Following the transaction, the insider now directly owns 104,414 shares in the company, valued at approximately $7,257,817.14. This represents a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Shane Crehan sold 1,551 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $131,741.94. Following the completion of the transaction, the chief accounting officer now owns 3,251 shares of the company's stock, valued at $276,139.94. This trade represents a 32.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 437,414 shares of company stock worth $32,958,564 in the last three months. Insiders own 10.78% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Zoom Video Communications from $71.00 to $75.00 and gave the company a "hold" rating in a report on Friday, August 23rd. Wedbush started coverage on shares of Zoom Video Communications in a research report on Thursday, October 17th. They set an "outperform" rating and a $85.00 target price on the stock. Evercore ISI upgraded shares of Zoom Video Communications from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $70.00 to $115.00 in a research report on Tuesday, November 26th. Scotiabank upgraded shares of Zoom Video Communications to a "hold" rating in a report on Tuesday, November 19th. Finally, Benchmark lifted their target price on Zoom Video Communications from $85.00 to $97.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $85.19.

Zoom Video Communications Stock Performance

Zoom Video Communications stock traded down $3.26 during trading hours on Friday, hitting $83.79. 2,627,082 shares of the stock were exchanged, compared to its average volume of 4,398,699. The stock has a market capitalization of $25.68 billion, a P/E ratio of 27.93, a P/E/G ratio of 5.29 and a beta of -0.03. The business's 50-day moving average is $78.40 and its two-hundred day moving average is $67.79. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month 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.