Arkadios Wealth Advisors Has $3.23 Million Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Arkadios Wealth Advisors grew its position in Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) by 35.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,628 shares of the company's stock after acquiring an additional 10,417 shares during the period. Arkadios Wealth Advisors' holdings in Zoom Video Communications were worth $3,234,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. grew its stake in shares of Zoom Video Communications by 1.9% during the third quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company's stock valued at $497,000 after purchasing an additional 131 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Zoom Video Communications by 1.4% in the 3rd quarter. MML Investors Services LLC now owns 9,395 shares of the company's stock valued at $655,000 after buying an additional 132 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Zoom Video Communications by 1.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company's stock worth $556,000 after acquiring an additional 145 shares during the last quarter. MetLife Investment Management LLC lifted its stake 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 valued at $322,000 after acquiring an additional 154 shares during the period. Finally, GAMMA Investing LLC increased its position in Zoom Video Communications by 27.1% in the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company's stock worth $63,000 after purchasing an additional 164 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Insider Activity at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 35,722 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $71.45, for a total transaction of $2,552,336.90. Following the sale, the chief executive officer now directly owns 57,371 shares of the company's stock, valued at approximately $4,099,157.95. This represents a 38.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Velchamy Sankarlingam sold 3,618 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total value of $307,312.92. Following the completion of the transaction, the insider now directly owns 107,826 shares of the company's stock, valued at approximately $9,158,740.44. This trade represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 525,703 shares of company stock worth $41,265,285 in the last ninety days. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Trading Down 1.7 %

Shares of NASDAQ:ZM traded down $1.37 on Friday, hitting $78.07. The company had a trading volume of 2,923,674 shares, compared to its average volume of 2,050,697. The stock has a 50 day moving average price of $82.98 and a 200 day moving average price of $71.73. The stock has a market cap of $23.93 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 4.97 and a beta of -0.01. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JMP Securities restated a "market perform" rating on shares of Zoom Video Communications in a research report on Tuesday, November 26th. Cantor Fitzgerald initiated coverage on Zoom Video Communications in a research note on Friday. They issued a "neutral" rating and a $87.00 price target for the company. Morgan Stanley increased 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 report on Wednesday, December 18th. Sanford C. Bernstein boosted their price objective on shares of Zoom Video Communications from $78.00 to $89.00 and gave the company a "market perform" rating in a report on Tuesday, November 26th. Finally, Mizuho increased their target price on shares of Zoom Video Communications from $90.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday, November 26th. Sixteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zoom Video Communications currently has an average rating of "Hold" and a consensus target price of $89.10.

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.