Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in Zoom Video Communications, Inc. (NASDAQ:ZM) by 9.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,363 shares of the company’s stock after purchasing an additional 278 shares during the period. Farther Finance Advisors LLC’s holdings in Zoom Video Communications were worth $274,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Global X Japan Co. Ltd. grew its stake in shares of Zoom Video Communications by 127.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Zoom Video Communications by 277.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 258 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of 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 acquiring an additional 265 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Zoom Video Communications in the fourth quarter worth $39,000. Finally, Truvestments Capital LLC acquired a new position in shares of Zoom Video Communications in the third quarter worth $37,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Buying and Selling at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 10,817 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $851,189.73. Following the transaction, the insider now directly owns 117,760 shares in the company, valued at $9,266,534.40. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric S. Yuan sold 83,332 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $86.28, for a total transaction of $7,189,884.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 369,271 shares of company stock worth $29,496,892. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Stock Performance

NASDAQ ZM opened at $75.45 on Wednesday. The firm has a market cap of $23.03 billion, a PE ratio of 25.15, a P/E/G ratio of 5.48 and a beta of 0.26. Zoom Video Communications, Inc. has a one year low of $55.06 and a one year high of $92.80. The firm’s fifty day moving average is $80.20 and its two-hundred day moving average is $77.80.

Analysts Set New Price Targets

Several equities analysts have commented on ZM shares. Mizuho boosted their price target on shares of Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Morgan Stanley boosted their price target on shares of Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. UBS Group decreased their price objective on shares of Zoom Video Communications from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, November 26th. Finally, Hsbc Global Res raised shares of Zoom Video Communications to a “strong-buy” rating in a research report on Tuesday, November 26th. Fifteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $89.33.

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.