Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lessened its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 13.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,854 shares of the company’s stock after selling 444 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Zoom Video Communications were worth $233,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its position in Zoom Video Communications by 23.8% in the 3rd quarter. FMR LLC now owns 12,444,887 shares of the company’s stock valued at $867,906,000 after purchasing an additional 2,395,396 shares in the last quarter. State Street Corp increased its stake in shares of Zoom Video Communications by 2.3% during the third quarter. State Street Corp now owns 6,106,293 shares of the company’s stock worth $425,853,000 after buying an additional 134,559 shares during the period. Pacer Advisors Inc. raised its holdings in Zoom Video Communications by 4.4% in the third quarter. Pacer Advisors Inc. now owns 5,480,179 shares of the company’s stock valued at $382,188,000 after acquiring an additional 233,241 shares in the last quarter. Geode Capital Management LLC lifted its stake in Zoom Video Communications by 4.2% in the third quarter. Geode Capital Management LLC now owns 4,595,435 shares of the company’s stock worth $320,177,000 after acquiring an additional 184,518 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Zoom Video Communications by 9.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,448,700 shares of the company’s stock worth $101,032,000 after acquiring an additional 128,800 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Bank of America lifted their price target on Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Barclays increased their price objective on Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research note on Friday, January 10th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $78.00 price objective on shares of Zoom Video Communications in a report on Friday, November 22nd. Sixteen research 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 stock. According to data from MarketBeat, Zoom Video Communications presently has an average rating of “Hold” and an average target price of $89.10.

Insider Buying and Selling

In other Zoom Video Communications news, CAO Shane Crehan sold 1,412 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $111,110.28. Following the transaction, the chief accounting officer now directly owns 5,404 shares of the company’s stock, valued at $425,240.76. This trade represents a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric S. Yuan sold 178,571 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total value of $13,733,895.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 477,481 shares of company stock valued at $37,774,948. 10.78% of the stock is currently owned by company insiders.

Zoom Video Communications Stock Down 1.5 %

NASDAQ:ZM opened at $87.27 on Thursday. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The firm’s 50 day moving average is $82.77 and its two-hundred day moving average is $72.98. The company has a market cap of $26.75 billion, a P/E ratio of 29.09, a P/E/G ratio of 4.99 and a beta of -0.01.

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.