Verus Capital Partners LLC Has $1.35 Million Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Verus Capital Partners LLC lifted its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,549 shares of the company’s stock after purchasing an additional 378 shares during the quarter. Verus Capital Partners LLC’s holdings in Zoom Video Communications were worth $1,351,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Baker Avenue Asset Management LP raised its stake in shares of 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 acquiring an additional 12,890 shares in the last quarter. HighTower Advisors LLC grew its holdings in Zoom Video Communications by 449.4% during the third quarter. HighTower Advisors LLC now owns 63,618 shares of the company’s stock valued at $4,429,000 after purchasing an additional 52,039 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Zoom Video Communications in the fourth quarter valued at approximately $1,072,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Zoom Video Communications by 15.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,257,714 shares of the company’s stock worth $87,713,000 after buying an additional 167,618 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Zoom Video Communications during the 3rd quarter worth $62,038,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analysts Set New Price Targets

ZM has been the topic of several recent analyst reports. Bank of America lifted their target price 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. Morgan Stanley raised their price target on Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Mizuho boosted their price objective on Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Barclays lowered their target price on Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Hsbc Global Res raised Zoom Video Communications to a “strong-buy” rating in a research report on Tuesday, November 26th. Fifteen 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.05.

Zoom Video Communications Stock Down 1.7 %

NASDAQ:ZM opened at $72.88 on Friday. The firm has a market capitalization of $22.34 billion and a PE ratio of 24.29. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The firm has a 50-day moving average price of $82.54 and a 200 day moving average price of $76.63.

Insider Activity

In other Zoom Video Communications news, CEO Eric S. Yuan sold 118,036 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $79.03, for a total transaction of $9,328,385.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Shane Crehan sold 1,412 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $111,110.28. Following the completion of the sale, the chief accounting officer now owns 5,404 shares in the company, valued at $425,240.76. This represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 382,242 shares of company stock worth $31,230,938. Company insiders own 10.78% of the company’s stock.

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.