Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Westpac Banking Corp | Panda Anku


Westpac Banking Corp cut its position in Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) by 46.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The company owned 17,172 shares of the company’s shares after selling 14,853 shares during the period. Westpac Banking Corp’s interests in Zoom Video Communications were valued at $2,013,000 at the time of the last SEC filing.

A number of other institutional investors and hedge funds have also changed their holdings of ZM. AGF Investments LLC increased its stake in Zoom Video Communications by 82.2% during the first quarter. AGF Investments LLC now owns 6,856 shares of the company’s stock valued at $804,000 after purchasing an additional 3,094 shares last quarter. Ceera Investments LLC acquired a new interest in Zoom Video Communications in Q1 for $2,710,000. Keebeck Alpha LP acquired a new stake in Zoom Video Communications valued at $369,000 during the first quarter. Aaron Wealth Advisors LLC acquired a new stake in Zoom Video Communications for $515,000 in Q1. Finally, Signature Wealth Management Partners LLC acquired a new $272,000 stake in Zoom Video Communications during Q1. Institutional investors and hedge funds own 55.94% of the company’s shares.

Zoom video communication value for money

Zoom Video Communications shares opened at $81.32 on Wednesday. The company has a 50-day moving average of $108.65 and a 200-day moving average of $110.56. The company has a market cap of $24.26 billion, a PE ratio of 19.74, a P/E/G ratio of 4.07 and a beta of -0.61. Zoom Video Communications, Inc. has a 1 year low of $79.03 and a 1 year high of $357.93.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last announced its earnings results on Monday, August 22nd. The company reported earnings per share of $1.05 for the quarter, beating the consensus estimate of $0.94 by $0.11. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. Zoom Video Communications had a return on equity of 16.56% and a net margin of 29.91%. The company’s revenue rose 7.6% year over year. In the same period last year, the company generated earnings per share of $0.98. On average, equities analysts expect Zoom Video Communications, Inc. to report earnings per share of 1.75 for the current fiscal year.

insider activity

In related news, CFO Kelly Steckelberg sold 6,700 shares of Zoom Video Communications in a transaction on Friday, May 27. The stock sold at an average price of $108.61 for a total value of $727,687.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. In related news, COO Aparna Bawa sold 2,000 shares of Zoom Video Communications in a transaction Tuesday, June 14. The stock sold at an average price of $106.60 for a total value of $213,200.00. Upon completion of the transaction, the Chief Operating Officer now directly owns 81,745 shares of the Company, valued at $8,714,017. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In addition, CFO Kelly Steckelberg sold 6,700 shares of Zoom Video Communications in a transaction on Friday, May 27. The stock sold at an average price of $108.61 for a total value of $727,687.00. The disclosure for this sale can be found here. Insiders have sold 50,223 shares of the company’s stock valued at $5,380,981 over the past ninety days. Company insiders own 11.24% of the company’s shares.

Analyst upgrades and downgrades

A number of equity analysts have commented on ZM shares. Wells Fargo & Company cut its target price on Zoom Video Communications from $105.00 to $95.00 and gave the stock an “equal weight” rating in a report Tuesday. Goldman Sachs Group cut its target price on Zoom Video Communications from $142.00 to $122.00, giving the stock a “neutral” rating in a report Tuesday. Piper Sandler cut her target price on Zoom Video Communications from $115.00 to $91.00 and gave the stock a “neutral” rating in a report on Tuesday. Robert W. Baird cut his target price on Zoom Video Communications from $140.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, the Royal Bank of Canada lowered its price target for Zoom Video Communications from $150.00 to $130.00 in a report Tuesday. One analyst has rated the stock with a sell rating, fourteen with a hold rating and thirteen with a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $139.58.

Zoom video communication profile

(received rating)

Zoom Video Communications, Inc provides a unified communications platform across the Americas, Asia Pacific, Europe, Middle East and Africa. The Company offers Zoom Meetings that offer HD video, voice, chat and content sharing across mobile devices, desktops, laptops, phones and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat allows users to share messages, images, audio, and content across desktops, laptops, tablets, and mobile devices.

See also

Want to see what other hedge funds are holding ZM? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating).

Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)



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