Menard Financial Group LLC Has $302,000 Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Menard Financial Group LLC grew its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,331 shares of the company’s stock after buying an additional 166 shares during the period. Menard Financial Group LLC’s holdings in Zoom Video Communications were worth $302,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ZM. Pacer Advisors Inc. boosted 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 worth $310,566,000 after buying an additional 2,579,720 shares in the last quarter. AQR Capital Management LLC lifted its position in Zoom Video Communications by 78.5% during the 2nd quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock worth $337,233,000 after buying an additional 2,520,987 shares in the last quarter. FMR LLC increased 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 acquiring an additional 2,395,396 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Zoom Video Communications by 60.9% during the second quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock valued at $290,153,000 after purchasing an additional 1,855,679 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Zoom Video Communications in the third quarter valued at approximately $62,038,000. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

ZM has been the topic of several recent research reports. Scotiabank upgraded Zoom Video Communications to a “hold” rating in a research report on Tuesday, November 19th. Morgan Stanley boosted their target price on Zoom Video Communications from $68.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Piper Sandler lifted their price objective on shares of Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Stifel Nicolaus boosted their target price on Zoom Video Communications from $70.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $78.00 price objective on shares of Zoom Video Communications in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven 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 $85.19.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 3,614 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total value of $241,668.18. Following the transaction, the insider now directly owns 94,000 shares of the company’s stock, valued at $6,285,780. The trade was a 3.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric S. Yuan sold 178,571 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, November 5th. The stock was 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. Insiders have sold a total of 355,787 shares of company stock valued at $26,021,526 over the last ninety days. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Price Performance

Shares of NASDAQ ZM opened at $82.63 on Wednesday. The company has a 50 day simple moving average of $75.77 and a 200 day simple moving average of $66.60. The firm has a market cap of $25.43 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 5.24 and a beta of -0.03. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80.

Zoom Video Communications Company 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.