Zoom Video Communications, Inc. (NASDAQ:ZM) stock sold by Toronto Dominion Bank | Panda Anku


Toronto Dominion Bank cut its stake in Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) by 50.4% in the first quarter, the company said in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,040 shares of the company after selling 54,820 shares during the quarter. Toronto Dominion Bank’s interests in Zoom Video Communications were valued at $6,335,000 at the time of the most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have recently added to or reduced their holdings in the stock. Doliver Advisors LP acquired a new position in Zoom Video Communications stock valued at approximately $479,000 during the first quarter. Sepio Capital LP increased its position in Zoom Video Communications shares by 32.8% in the first quarter. Sepio Capital LP now owns 4,531 shares of the company’s stock valued at $531,000 after purchasing an additional 1,119 shares last quarter. The Swiss National Bank increased its position in Zoom Video Communications by 14.7% in the first quarter. The Swiss National Bank now owns 944,350 shares of the company, valued at $110,706,000, after buying another 120,800 shares last quarter. Bank Julius Baer & Co. AG Zurich increased its position in Zoom Video Communications by 129.9% in the first quarter. Bank Julius Baer & Co. AG Zurich now owns 1,315 shares of the company, valued at $154,000, after buying another 743 shares last quarter. Finally, Mutual Advisors LLC increased its position in Zoom Video Communications by 13.4% in the first quarter. Mutual Advisors LLC now owns 4,925 shares of the company’s stock valued at $577,000 after purchasing an additional 582 shares last quarter. Institutional investors and hedge funds own 55.94% of the company’s shares.

Zoom Video Communications Trading up 1.4%

Shares of ZM stock opened at $109.52 on Monday. The company has a 50-day moving average price of $109.95 and a 200-day moving average price of $112.76. Zoom Video Communications, Inc. has a 12-month low of $79.03 and a 12-month high of $363.39. The company has a market cap of $32.68 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 4.49, and a beta of -0.61.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last announced its earnings results on Monday, May 23rd. The company reported earnings per share of $0.47 for the quarter, beating the consensus estimate of $0.35 by $0.12. Zoom Video Communications had a net margin of 29.91% and a return on equity of 16.56%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. In the same quarter last year, the company posted $0.97 per share. The company’s revenue for the quarter rose 12.3% year over year. As a group, research analysts are forecasting that Zoom Video Communications, Inc. will post earnings per share of 1.75 for the year to date.

Insider activity at Zoom Video Communications

In other Zoom Video Communications news, CFO Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock in a transaction on Wednesday, May 25. The stock sold at an average price of $100.27 for a total value of $671,809.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other Zoom Video Communications news, COO Aparna Bawa sold 2,000 shares of Zoom Video Communications stock in a transaction dated Tuesday, June 14. The stock sold at an average price of $106.60 for a total value of $213,200.00. Following the closing of the sale, the Chief Operating Officer now owns 81,745 shares of the Company, valued at approximately $8,714,017. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed at this link. Also, CFO Kelly Steckelberg sold 6,700 shares of the company’s shares in a transaction on Wednesday, May 25. The stock sold at an average price of $100.27 for a total value of $671,809.00. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 54,519 shares of the company’s shares for $5,790,417. 11.24% of the shares are owned by insiders.

Analysts set new price targets

A number of research companies have recently commented on ZM. Sanford C. Bernstein began reporting on shares of Zoom Video Communications in a research report on Tuesday, July 19. They issued a “market perform” rating and a price target of $122.00 on the stock. MKM Partners began reporting shares of Zoom Video Communications in a research report on Thursday, August 4th. They provided a buy rating and a price target of $135.00 on the stock. Stifel Nicolaus lowered his target price on shares of Zoom Video Communications from $150.00 to $120.00 in a research report on Tuesday, May 24. TheStreet stock of Zoom Video Communications on Monday, May 18. Finally, UBS Group cut its target price on Zoom Video Communications from $130.00 to $100.00 and the company in a report on Wednesday, May 18, rated “na”. Fourteen analysts have rated the stock with a hold and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zoom Video Communications currently has a consensus rating of Moderate Buy and a consensus target price of $160.62.

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

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



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