Robeco Institutional Asset Management B.V. Decreases Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Robeco Institutional Asset Management B.V. decreased its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,253,061 shares of the company’s stock after selling 4,653 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Zoom Video Communications were worth $102,262,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in shares of Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Zoom Video Communications during the 3rd quarter worth approximately $37,000. Geneos Wealth Management Inc. purchased a new stake in shares of Zoom Video Communications during the 4th quarter worth approximately $39,000. Allworth Financial LP increased its stake in shares of Zoom Video Communications by 43.8% during the 3rd quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after purchasing an additional 180 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Zoom Video Communications by 56.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock worth $53,000 after purchasing an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Zoom Video Communications from $72.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. UBS Group raised their price objective on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Sanford C. Bernstein raised their price objective on shares of Zoom Video Communications from $78.00 to $89.00 and gave the stock a “market perform” rating in a report on Tuesday, November 26th. Barclays raised their price objective on shares of Zoom Video Communications from $70.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, Scotiabank raised shares of Zoom Video Communications to a “hold” rating in a report on Tuesday, November 19th. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $89.10.

Insider Transactions at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 178,571 shares of Zoom Video Communications stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total value of $13,733,895.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Velchamy Sankarlingam sold 3,618 shares of Zoom Video Communications stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $84.94, for a total transaction of $307,312.92. Following the completion of the transaction, the insider now owns 107,826 shares in the company, valued at approximately $9,158,740.44. The trade was a 3.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 477,481 shares of company stock valued at $37,774,948. Insiders own 10.78% of the company’s stock.

Zoom Video Communications Stock Performance

NASDAQ ZM opened at $88.64 on Wednesday. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80. The company has a market capitalization of $27.17 billion, a P/E ratio of 29.55, a P/E/G ratio of 4.99 and a beta of -0.01. The company has a fifty day moving average of $82.77 and a 200-day moving average of $72.98.

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.