Mn Services Vermogensbeheer B.V. Buys 2,100 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Mn Services Vermogensbeheer B.V. increased its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,400 shares of the company’s stock after acquiring an additional 2,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Zoom Video Communications were worth $7,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ZM. Global X Japan Co. Ltd. raised its holdings in Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock worth $28,000 after buying an additional 190 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Zoom Video Communications by 291.2% during the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Zoom Video Communications during the fourth quarter worth $39,000. Truvestments Capital LLC acquired a new position in Zoom Video Communications during the third quarter worth $37,000. Finally, Allworth Financial LP raised its holdings in Zoom Video Communications by 43.8% during the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after buying an additional 180 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Video Communications Stock Up 1.1 %

Shares of NASDAQ:ZM opened at $73.70 on Friday. The firm has a market capitalization of $22.59 billion and a PE ratio of 24.57. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The company has a 50-day moving average price of $82.30 and a two-hundred day moving average price of $76.76.

Insiders Place Their Bets

In other Zoom Video Communications news, COO Aparna Bawa sold 9,317 shares of the 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 completion of the transaction, the chief operating officer now owns 14,053 shares in the company, valued at $1,105,830.57. This trade represents a 39.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Velchamy Sankarlingam sold 3,618 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $307,312.92. Following the transaction, the insider now owns 107,826 shares of the company’s stock, valued at $9,158,740.44. This represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 382,242 shares of company stock worth $31,230,938 over the last quarter. 10.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Mizuho upped their price objective 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. Bank of America upped their price objective on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Sanford C. Bernstein increased their target price 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. Jefferies Financial Group upgraded shares of Zoom Video Communications from a “hold” rating to a “buy” rating and increased their target price for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Finally, Morgan Stanley increased their target price on shares of Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zoom Video Communications has a consensus rating of “Hold” and a consensus price target of $90.05.

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.