Savant Capital LLC Increases Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Savant Capital LLC raised its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,400 shares of the company’s stock after purchasing an additional 1,773 shares during the period. Savant Capital LLC’s holdings in Zoom Video Communications were worth $2,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global X Japan Co. Ltd. boosted its stake in shares of Zoom Video Communications by 127.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Zoom Video Communications by 291.2% in 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 period. Truvestments Capital LLC bought a new stake in Zoom Video Communications during the 3rd quarter valued at approximately $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Zoom Video Communications during the 4th quarter worth approximately $39,000. Finally, Allworth Financial LP raised its position in shares of Zoom Video Communications by 43.8% in the 3rd quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ZM shares. Evercore ISI raised Zoom Video Communications from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $70.00 to $115.00 in a research note on Tuesday, November 26th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Zoom Video Communications in a report on Tuesday, November 26th. JMP Securities reiterated a “market perform” rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. Rosenblatt Securities reissued a “buy” rating and set a $78.00 price target on shares of Zoom Video Communications in a research report on Friday, November 22nd. Finally, Hsbc Global Res upgraded shares of Zoom Video Communications to a “strong-buy” rating in a report on Tuesday, November 26th. Sixteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given 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 Activity

In other Zoom Video Communications news, CAO Shane Crehan sold 1,412 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $111,110.28. Following the completion of the sale, the chief accounting officer now owns 5,404 shares of the company’s stock, valued at approximately $425,240.76. The trade was a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 83,332 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $86.28, for a total value of $7,189,884.96. The disclosure for this sale can be found here. Insiders have sold 382,242 shares of company stock valued at $31,230,938 in the last ninety days. 10.78% of the stock is currently owned by company insiders.

Zoom Video Communications Stock Down 0.9 %

Shares of Zoom Video Communications stock opened at $83.05 on Thursday. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The company’s 50 day moving average is $83.29 and its 200 day moving average is $74.91. The company has a market cap of $25.45 billion and a price-to-earnings ratio of 27.68.

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.