Jacobs Levy Equity Management Inc. Has $7.96 Million Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Jacobs Levy Equity Management Inc. increased its stake in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 31.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,173 shares of the company's stock after acquiring an additional 27,116 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Zoom Video Communications were worth $7,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in Zoom Video Communications by 96.7% during the second quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company's stock worth $310,566,000 after buying an additional 2,579,720 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Zoom Video Communications by 78.5% during the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company's stock worth $337,233,000 after buying an additional 2,520,987 shares in the last quarter. FMR LLC boosted its stake in Zoom Video Communications by 23.8% in the 3rd quarter. FMR LLC now owns 12,444,887 shares of the company's stock worth $867,906,000 after purchasing an additional 2,395,396 shares during the period. Acadian Asset Management LLC boosted its stake in Zoom Video Communications by 60.9% in the 2nd quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company's stock worth $290,153,000 after purchasing an additional 1,855,679 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in Zoom Video Communications in the 3rd quarter worth approximately $62,038,000. 66.54% of the stock is currently owned by institutional investors.

Zoom Video Communications Stock Up 3.4 %

NASDAQ ZM traded up $2.86 during trading on Friday, reaching $86.22. 3,336,804 shares of the stock traded hands, compared to its average volume of 3,343,853. The firm has a market cap of $26.43 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 5.28 and a beta of -0.03. The stock's 50-day moving average price is $76.37 and its 200 day moving average price is $66.83. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80.

Insider Activity

In other Zoom Video Communications news, COO Aparna Bawa sold 831 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total transaction of $55,086.99. Following the sale, the chief operating officer now directly owns 1,978 shares of the company's stock, valued at approximately $131,121.62. This represents a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric S. Yuan sold 178,571 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $76.91, for a total transaction of $13,733,895.61. The disclosure for this sale can be found here. Insiders sold 354,907 shares of company stock worth $25,961,607 over the last quarter. 10.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ZM shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 target price on shares of Zoom Video Communications in a research report on Tuesday, November 26th. JMP Securities reiterated a "market perform" rating on shares of Zoom Video Communications in a research report on Tuesday, November 26th. Wedbush assumed coverage on shares of Zoom Video Communications in a report on Thursday, October 17th. They set an "outperform" rating and a $85.00 price target on the stock. Stifel Nicolaus raised their price target on shares of Zoom Video Communications from $70.00 to $90.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Zoom Video Communications from $71.00 to $75.00 and gave the company a "hold" rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $85.19.

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.