Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Bought by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. raised its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 272.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,790 shares of the company’s stock after buying an additional 1,310 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Zoom Video Communications were worth $129,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ZM. International Assets Investment Management LLC increased its stake in Zoom Video Communications by 12.8% in the 3rd quarter. International Assets Investment Management LLC now owns 9,906 shares of the company’s stock valued at $667,000 after buying an additional 1,126 shares during the period. CWM LLC boosted its position in shares of Zoom Video Communications by 96.2% during the 3rd quarter. CWM LLC now owns 2,975 shares of the company’s stock worth $208,000 after purchasing an additional 1,459 shares in the last quarter. AE Wealth Management LLC purchased a new stake in shares of Zoom Video Communications during the 3rd quarter worth $219,000. Summit Global Investments purchased a new stake in shares of Zoom Video Communications during the 3rd quarter worth $204,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Zoom Video Communications by 1.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,925 shares of the company’s stock worth $3,002,000 after purchasing an additional 715 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Velchamy Sankarlingam sold 1,553 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $108,710.00. Following the transaction, the insider now directly owns 71,956 shares in the company, valued at $5,036,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Velchamy Sankarlingam sold 1,553 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $108,710.00. Following the transaction, the insider now directly owns 71,956 shares in the company, valued at $5,036,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 2,421 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $63.69, for a total value of $154,193.49. Following the transaction, the chief executive officer now owns 90,001 shares in the company, valued at $5,732,163.69. The disclosure for this sale can be found here. In the last three months, insiders sold 93,224 shares of company stock worth $5,872,091. 11.28% of the stock is currently owned by insiders.

Zoom Video Communications Stock Up 3.5 %

Shares of Zoom Video Communications stock traded up $2.08 on Tuesday, hitting $61.62. 3,890,006 shares of the company’s stock traded hands, compared to its average volume of 3,333,819. The stock has a market cap of $18.95 billion, a P/E ratio of 30.21 and a beta of -0.07. The firm’s 50-day moving average is $64.68 and its 200 day moving average is $65.87. Zoom Video Communications, Inc. has a 52-week low of $58.87 and a 52-week high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last released its earnings results on Monday, February 26th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.42 by $0.34. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Zoom Video Communications had a return on equity of 9.68% and a net margin of 14.08%. Equities research analysts forecast that Zoom Video Communications, Inc. will post 2.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on ZM shares. Wedbush restated a “neutral” rating and set a $80.00 target price on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Jefferies Financial Group began coverage on shares of Zoom Video Communications in a research report on Tuesday, March 19th. They issued a “hold” rating and a $70.00 price objective on the stock. BNP Paribas lowered shares of Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 price objective on the stock. in a research report on Thursday, January 18th. Piper Sandler boosted their price objective on shares of Zoom Video Communications from $69.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, Mizuho decreased their price objective on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.56.

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.