Hudson Capital Management LLC Purchases 1,975 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Hudson Capital Management LLC lifted its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,861 shares of the company’s stock after purchasing an additional 1,975 shares during the quarter. Zoom Video Communications comprises 1.5% of Hudson Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Hudson Capital Management LLC’s holdings in Zoom Video Communications were worth $4,663,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Zoom Video Communications by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 23,417,464 shares of the company’s stock valued at $1,683,950,000 after buying an additional 721,923 shares during the last quarter. AQR Capital Management LLC raised its stake in Zoom Video Communications by 78.5% during the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after buying an additional 2,520,987 shares during the last quarter. Pacer Advisors Inc. raised its stake in Zoom Video Communications by 96.7% during the second quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock valued at $310,566,000 after buying an additional 2,579,720 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Zoom Video Communications by 60.9% in the second quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock worth $290,153,000 after purchasing an additional 1,855,679 shares during the last quarter. Finally, FIL Ltd raised its stake in shares of Zoom Video Communications by 1.3% in the fourth quarter. FIL Ltd now owns 3,069,797 shares of the company’s stock worth $220,749,000 after purchasing an additional 40,456 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ZM. Rosenblatt Securities restated a “buy” rating and issued a $78.00 price target on shares of Zoom Video Communications in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Zoom Video Communications in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Zoom Video Communications from $71.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Benchmark lifted their price objective on Zoom Video Communications from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Friday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Zoom Video Communications has an average rating of “Hold” and a consensus price target of $75.05.

Zoom Video Communications Stock Performance

Shares of NASDAQ ZM opened at $70.85 on Friday. The business’s 50 day moving average price is $65.37 and its 200-day moving average price is $62.48. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $74.77. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 6.03 and a beta of -0.04.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts predict that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current year.

Insider Buying and Selling

In other Zoom Video Communications news, CAO Shane Crehan sold 1,550 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total transaction of $103,648.50. Following the sale, the chief accounting officer now owns 1,463 shares of the company’s stock, valued at approximately $97,830.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Aparna Bawa sold 10,332 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $56.81, for a total transaction of $586,960.92. Following the completion of the sale, the chief operating officer now owns 1,978 shares in the company, valued at approximately $112,370.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Shane Crehan sold 1,550 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total value of $103,648.50. Following the sale, the chief accounting officer now owns 1,463 shares of the company’s stock, valued at approximately $97,830.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,483 shares of company stock valued at $8,442,442 over the last quarter. 10.78% of the stock is owned by corporate insiders.

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.