Landscape Capital Management L.L.C. Trims Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Landscape Capital Management L.L.C. decreased its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 30.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,575 shares of the company’s stock after selling 10,086 shares during the period. Landscape Capital Management L.L.C.’s holdings in Zoom Video Communications were worth $1,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZM. AQR Capital Management LLC increased its position in shares of Zoom Video Communications by 78.5% during the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock valued at $337,233,000 after acquiring an additional 2,520,987 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Zoom Video Communications by 96.7% in the 2nd quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock valued at $310,566,000 after purchasing an additional 2,579,720 shares during the last quarter. Acadian Asset Management LLC raised its position in Zoom Video Communications by 60.9% in the second quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock valued at $290,153,000 after purchasing an additional 1,855,679 shares during the period. Dimensional Fund Advisors LP lifted its stake in Zoom Video Communications by 24.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,365,705 shares of the company’s stock worth $80,827,000 after purchasing an additional 264,217 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of Zoom Video Communications by 0.7% during the third quarter. Primecap Management Co. CA now owns 1,289,150 shares of the company’s stock worth $89,905,000 after buying an additional 8,625 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In other news, CEO Eric S. Yuan sold 178,571 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $76.91, for a total transaction of $13,733,895.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Aparna Bawa sold 831 shares of Zoom Video Communications stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total transaction of $55,086.99. Following the completion of the transaction, the chief operating officer now owns 1,978 shares in the company, valued at approximately $131,121.62. This trade represents a 29.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 367,108 shares of company stock valued at $26,796,191 in the last ninety days. 10.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group upgraded Zoom Video Communications to a “hold” rating in a report on Friday, July 26th. Benchmark increased their price target on shares of Zoom Video Communications from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Robert W. Baird dropped their price objective on shares of Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a research report on Friday, October 11th. Finally, Scotiabank raised Zoom Video Communications to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $76.61.

Zoom Video Communications Stock Performance

ZM opened at $81.20 on Friday. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $87.15. The stock has a market capitalization of $24.99 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 6.64 and a beta of -0.05. The business’s 50-day simple moving average is $73.06 and its 200-day simple moving average is $65.32.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, equities research analysts forecast that Zoom Video Communications, Inc. will post 2.77 EPS for the current fiscal year.

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.