Skandinaviska Enskilda Banken AB publ lessened its position in Zoom Video Communications, Inc. (NASDAQ:ZM – Free Report) by 64.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,983 shares of the company’s stock after selling 174,019 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Zoom Video Communications were worth $8,106,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Global X Japan Co. Ltd. increased its stake in 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 buying an additional 190 shares during the period. Avior Wealth Management LLC increased its stake in Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the period. Parkside Financial Bank & Trust increased its stake in Zoom Video Communications by 277.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 258 shares during the period. Truvestments Capital LLC acquired a new position in Zoom Video Communications during the 3rd quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. acquired a new position in Zoom Video Communications during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 66.54% of the company’s stock.
Zoom Video Communications Stock Performance
Shares of NASDAQ:ZM opened at $74.20 on Friday. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80. The company’s fifty day moving average is $80.44 and its 200-day moving average is $77.67. The company has a market capitalization of $22.65 billion, a PE ratio of 24.73, a P/E/G ratio of 5.48 and a beta of 0.26.
Wall Street Analysts Forecast Growth
Insider Activity at Zoom Video Communications
In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 10,817 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 $851,189.73. Following the completion of the sale, the insider now directly owns 117,760 shares of the company’s stock, valued at approximately $9,266,534.40. The trade was a 8.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 75,531 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.98, for a total value of $5,663,314.38. The disclosure for this sale can be found here. Insiders sold 369,271 shares of company stock valued at $29,496,892 over the last ninety days. 10.78% of the stock is owned by 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.
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