International Assets Investment Management LLC Has $399,000 Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

International Assets Investment Management LLC trimmed its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 99.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,889 shares of the company's stock after selling 495,077 shares during the quarter. International Assets Investment Management LLC's holdings in Zoom Video Communications were worth $399,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC boosted its position in shares of Zoom Video Communications by 23.8% during 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. State Street Corp grew its position in Zoom Video Communications by 2.3% during the 3rd quarter. State Street Corp now owns 6,106,293 shares of the company's stock worth $425,853,000 after purchasing an additional 134,559 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Zoom Video Communications by 78.5% in the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company's stock valued at $337,233,000 after purchasing an additional 2,520,987 shares during the period. Pacer Advisors Inc. increased its stake in shares of Zoom Video Communications by 4.4% during the third quarter. Pacer Advisors Inc. now owns 5,480,179 shares of the company's stock worth $382,188,000 after acquiring an additional 233,241 shares during the period. Finally, Geode Capital Management LLC increased its position in Zoom Video Communications by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 4,595,435 shares of the company's stock worth $320,177,000 after purchasing an additional 184,518 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.

Insider Activity at Zoom Video Communications

In related news, Director Jonathan Chadwick sold 12,500 shares of the business's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $68.36, for a total value of $854,500.00. Following the completion of the sale, the director now directly owns 1,514 shares in the company, valued at $103,497.04. The trade was a 89.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Aparna Bawa sold 10,520 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $68.59, for a total transaction of $721,566.80. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares of the company's stock, valued at $135,671.02. This represents a 84.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 381,383 shares of company stock worth $29,586,681. Insiders own 10.78% of the company's stock.

Zoom Video Communications Stock Performance

ZM traded down $0.44 on Friday, hitting $79.46. 2,750,285 shares of the company were exchanged, compared to its average volume of 2,265,364. The company has a market cap of $24.35 billion, a PE ratio of 26.49, a PEG ratio of 5.29 and a beta of -0.01. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The stock's fifty day moving average is $82.96 and its 200-day moving average is $71.10.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZM. UBS Group boosted their price objective on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their price objective on shares of Zoom Video Communications from $86.00 to $96.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their target price on shares of Zoom Video Communications from $72.00 to $86.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Sanford C. Bernstein raised their price objective on Zoom Video Communications from $78.00 to $89.00 and gave the stock a "market perform" rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus lifted their target price on Zoom Video Communications from $70.00 to $90.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $87.81.

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.