Ieq Capital LLC Increases Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Ieq Capital LLC lifted its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 288.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,814 shares of the company’s stock after acquiring an additional 104,532 shares during the quarter. Ieq Capital LLC’s holdings in Zoom Video Communications were worth $11,492,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ZM. Baker Avenue Asset Management LP lifted its stake in Zoom Video Communications by 82.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 28,593 shares of the company’s stock valued at $1,994,000 after buying an additional 12,890 shares in the last quarter. HighTower Advisors LLC lifted its stake in Zoom Video Communications by 449.4% in the 3rd quarter. HighTower Advisors LLC now owns 63,618 shares of the company’s stock valued at $4,429,000 after buying an additional 52,039 shares in the last quarter. Merit Financial Group LLC purchased a new stake in Zoom Video Communications in the 4th quarter valued at approximately $1,072,000. Robeco Institutional Asset Management B.V. lifted its stake in Zoom Video Communications by 15.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock valued at $87,713,000 after buying an additional 167,618 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in Zoom Video Communications in the 3rd quarter valued at approximately $62,038,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ZM shares. Stifel Nicolaus upped their target price on Zoom Video Communications from $70.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Barclays boosted their price target on Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Evercore ISI upgraded Zoom Video Communications from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $70.00 to $115.00 in a report on Tuesday, November 26th. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a report on Friday, January 10th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $78.00 price target on shares of Zoom Video Communications in a report on Friday, November 22nd. Sixteen investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $89.48.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 3,618 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total value of $307,312.92. Following the completion of the transaction, the insider now directly owns 107,826 shares of the company’s stock, valued at $9,158,740.44. This represents a 3.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Chadwick sold 25,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $80.33, for a total transaction of $2,008,250.00. Following the transaction, the director now directly owns 1,514 shares in the company, valued at $121,619.62. The trade was a 94.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 382,242 shares of company stock valued at $31,230,938 in the last ninety days. Insiders own 10.78% of the company’s stock.

Zoom Video Communications Trading Down 0.0 %

Shares of Zoom Video Communications stock opened at $85.17 on Thursday. The company has a fifty day moving average price of $83.31 and a 200 day moving average price of $75.78. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The stock has a market cap of $26.10 billion and a price-to-earnings ratio of 28.39.

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.