Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM lessened its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,732 shares of the company’s stock after selling 1,828 shares during the period. Bank Hapoalim BM’s holdings in Zoom Video Communications were worth $6,180,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. boosted its holdings in Zoom Video Communications by 1.9% during the third quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock worth $497,000 after buying an additional 131 shares in the last quarter. MML Investors Services LLC boosted its holdings in Zoom Video Communications by 1.4% during the third quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock worth $655,000 after buying an additional 132 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Zoom Video Communications by 1.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock worth $556,000 after buying an additional 145 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Zoom Video Communications by 3.4% during the third quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock worth $322,000 after buying an additional 154 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Zoom Video Communications by 27.1% during the fourth quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock worth $63,000 after buying an additional 164 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ZM shares. Stifel Nicolaus boosted their price objective 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. Sanford C. Bernstein upped their price target 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. Wedbush started coverage on shares of Zoom Video Communications in a report on Thursday, October 17th. They issued an “outperform” rating and a $85.00 price target on the stock. Mizuho upped their price target on shares of Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley upped their price target 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. Sixteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $89.10.

Zoom Video Communications Stock Performance

Shares of ZM stock opened at $86.18 on Wednesday. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The company has a 50 day moving average price of $83.02 and a 200 day moving average price of $73.77. The firm has a market capitalization of $26.41 billion and a price-to-earnings ratio of 28.73.

Insiders Place Their Bets

In other Zoom Video Communications news, CEO Eric S. Yuan sold 118,036 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $79.03, for a total transaction of $9,328,385.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Velchamy Sankarlingam sold 3,618 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $307,312.92. Following the completion of the transaction, the insider now owns 107,826 shares of the company’s stock, valued at $9,158,740.44. This trade represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 298,910 shares of company stock worth $24,041,053 over the last ninety days. 10.78% of the stock is owned by company insiders.

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.