Bank Hapoalim BM Decreases Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Bank Hapoalim BM trimmed its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,732 shares of the company’s stock after selling 1,828 shares during the quarter. Bank Hapoalim BM’s holdings in Zoom Video Communications were worth $6,180,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. McAdam LLC bought a new position in Zoom Video Communications during the 4th quarter valued at $410,000. SYM FINANCIAL Corp boosted its stake in Zoom Video Communications by 36.2% during the 4th quarter. SYM FINANCIAL Corp now owns 4,577 shares of the company’s stock valued at $374,000 after acquiring an additional 1,216 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Zoom Video Communications by 5.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,418 shares of the company’s stock valued at $687,000 after acquiring an additional 448 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Zoom Video Communications during the fourth quarter worth $315,000. Finally, Caprock Group LLC acquired a new stake in shares of Zoom Video Communications during the fourth quarter worth $288,000. 66.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zoom Video Communications

In other news, CAO Shane Crehan sold 1,551 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were 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 in the company, valued at approximately $276,139.94. This trade represents a 32.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Aparna Bawa sold 9,317 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $733,154.73. Following the transaction, the chief operating officer now owns 14,053 shares of the company’s stock, valued at approximately $1,105,830.57. This trade represents a 39.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 298,910 shares of company stock valued at $24,041,053. Company insiders own 10.78% of the company’s stock.

Zoom Video Communications Trading Up 0.1 %

Zoom Video Communications stock opened at $86.18 on Wednesday. The stock has a market cap of $26.41 billion and a price-to-earnings ratio of 28.73. The company’s 50-day moving average price is $83.02 and its two-hundred day moving average price is $73.77. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ZM shares. Stifel Nicolaus increased their target price on shares of Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. JMP Securities reissued a “market perform” rating on shares of Zoom Video Communications in a report on Tuesday, November 26th. Benchmark increased their target price on shares of Zoom Video Communications from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Zoom Video Communications in a report on Tuesday, November 26th. Sixteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zoom Video Communications currently has a consensus rating of “Hold” and an average 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.