Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 504.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,374 shares of the company’s stock after buying an additional 106,318 shares during the quarter. Schroder Investment Management Group’s holdings in Zoom Video Communications were worth $10,538,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Zoom Video Communications in the 4th quarter worth approximately $751,908,000. State Street Corp increased its position in shares of Zoom Video Communications by 2.3% in the third quarter. State Street Corp now owns 6,106,293 shares of the company’s stock valued at $425,853,000 after buying an additional 134,559 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Zoom Video Communications by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 4,595,435 shares of the company’s stock worth $320,177,000 after buying an additional 184,518 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Zoom Video Communications by 9.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,448,700 shares of the company’s stock worth $101,032,000 after buying an additional 128,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Zoom Video Communications by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,367,055 shares of the company’s stock valued at $111,565,000 after acquiring an additional 69,612 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ZM. Barclays reduced their price target on shares of Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus lowered their target price on Zoom Video Communications from $90.00 to $85.00 and set a “hold” rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Zoom Video Communications in a report on Wednesday, March 19th. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 target price on shares of Zoom Video Communications in a report on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $89.33.

Insider Activity at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 75,531 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.98, for a total value of $5,663,314.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $77.86, for a total value of $192,703.50. Following the transaction, the director now directly owns 169,452 shares in the company, valued at $13,193,532.72. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 371,746 shares of company stock worth $29,689,595. Company insiders own 10.78% of the company’s stock.

Zoom Video Communications Price Performance

Zoom Video Communications stock opened at $67.75 on Friday. The company has a market cap of $20.68 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 5.48 and a beta of 0.67. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The stock’s 50-day moving average is $79.13 and its 200-day moving average is $78.35.

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.