Xponance Inc. Boosts Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Xponance Inc. lifted its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,577 shares of the company's stock after buying an additional 4,372 shares during the period. Xponance Inc.'s holdings in Zoom Video Communications were worth $2,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ZM. Adero Partners LLC grew its stake in shares of Zoom Video Communications by 2.4% during the fourth quarter. Adero Partners LLC now owns 5,509 shares of the company's stock valued at $450,000 after buying an additional 129 shares during the last quarter. Itau Unibanco Holding S.A. grew its position in Zoom Video Communications by 1.9% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company's stock valued at $497,000 after acquiring an additional 131 shares during the last quarter. MML Investors Services LLC increased its stake in Zoom Video Communications by 1.4% in the third quarter. MML Investors Services LLC now owns 9,395 shares of the company's stock worth $655,000 after purchasing an additional 132 shares during the period. MetLife Investment Management LLC lifted its position in shares of Zoom Video Communications by 3.4% during the third quarter. MetLife Investment Management LLC now owns 4,619 shares of the company's stock worth $322,000 after purchasing an additional 154 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Zoom Video Communications by 27.1% during the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company's stock valued at $63,000 after purchasing an additional 164 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, COO Aparna Bawa sold 9,317 shares of Zoom Video Communications stock in a transaction on Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $733,154.73. Following the completion of the sale, the chief operating officer now directly owns 14,053 shares of the company's stock, valued at approximately $1,105,830.57. The trade was a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Shane Crehan sold 1,412 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $111,110.28. Following the completion of the transaction, the chief accounting officer now directly owns 5,404 shares of the company's stock, valued at $425,240.76. This represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 369,271 shares of company stock valued at $29,496,892 in the last quarter. 10.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ZM shares. Benchmark reiterated a "buy" rating and set a $97.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. Morgan Stanley lifted their price target on shares of Zoom Video Communications from $86.00 to $96.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Needham & Company LLC reissued a "hold" rating on shares of Zoom Video Communications in a research note on Tuesday, February 25th. Barclays decreased their target price on Zoom Video Communications from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Finally, Bank of America increased their price target on Zoom Video Communications from $75.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zoom Video Communications has a consensus rating of "Hold" and a consensus target price of $89.33.

Zoom Video Communications Price Performance

Zoom Video Communications stock traded down $0.35 during trading hours on Wednesday, hitting $77.78. 1,314,378 shares of the stock traded hands, compared to its average volume of 3,029,034. The firm's 50 day moving average price is $79.95 and its 200-day moving average price is $78.11. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 5.48 and a beta of 0.26. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year 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.