IFM Investors Pty Ltd Has $3.30 Million Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

IFM Investors Pty Ltd boosted its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,506 shares of the company’s stock after purchasing an additional 632 shares during the quarter. IFM Investors Pty Ltd’s holdings in Zoom Video Communications were worth $3,302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Evoke Wealth LLC boosted its position in shares of Zoom Video Communications by 3.5% during the fourth quarter. Evoke Wealth LLC now owns 5,066 shares of the company’s stock valued at $364,000 after buying an additional 172 shares during the last quarter. Xponance Inc. increased its stake in shares of Zoom Video Communications by 2.0% during the 4th quarter. Xponance Inc. now owns 9,279 shares of the company’s stock worth $667,000 after purchasing an additional 179 shares during the last quarter. Cantor Fitzgerald L. P. raised its stake in Zoom Video Communications by 2.7% in the 4th quarter. Cantor Fitzgerald L. P. now owns 7,566 shares of the company’s stock valued at $544,000 after acquiring an additional 197 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Zoom Video Communications by 3.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,528 shares of the company’s stock valued at $457,000 after purchasing an additional 200 shares during the period. Finally, Amalgamated Bank lifted its position in shares of Zoom Video Communications by 0.8% during the third quarter. Amalgamated Bank now owns 24,850 shares of the company’s stock worth $1,738,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Stock Up 1.6 %

Shares of NASDAQ:ZM traded up $0.96 during trading on Friday, hitting $62.00. The stock had a trading volume of 2,801,169 shares, compared to its average volume of 2,752,088. The firm’s fifty day moving average is $64.57 and its 200 day moving average is $65.78. The company has a market capitalization of $19.07 billion, a PE ratio of 30.39 and a beta of -0.07. Zoom Video Communications, Inc. has a 12 month low of $58.87 and a 12 month high of $75.90.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ZM shares. BNP Paribas downgraded Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Thursday, January 18th. Rosenblatt Securities raised Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price on Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Wedbush reiterated a “neutral” rating and set a $80.00 price target on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Finally, Piper Sandler upped 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Zoom Video Communications presently has a consensus rating of “Hold” and an average price target of $77.56.

Insider Activity

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 1,553 shares of Zoom Video Communications 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 completion of the transaction, the insider now 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 can be accessed through this link. In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 1,553 shares of the 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 sale, the insider now directly owns 71,956 shares in the company, valued at approximately $5,036,920. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Aparna Bawa sold 816 shares of Zoom Video Communications stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $66.60, for a total value of $54,345.60. Following the completion of the sale, the chief operating officer now owns 1,978 shares of the company’s stock, valued at $131,734.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,224 shares of company stock worth $5,872,091. Insiders own 11.28% of the company’s stock.

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.