Livforsakringsbolaget Skandia Omsesidigt Has $51,000 Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Livforsakringsbolaget Skandia Omsesidigt grew its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 134.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 704 shares of the company’s stock after buying an additional 404 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Zoom Video Communications were worth $51,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Global Wealth Management Investment Advisory Inc. boosted its stake in Zoom Video Communications by 63.3% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares during the period. Neo Ivy Capital Management boosted its stake in Zoom Video Communications by 56.8% in the 2nd quarter. Neo Ivy Capital Management now owns 367 shares of the company’s stock worth $39,000 after purchasing an additional 133 shares during the period. Covestor Ltd boosted its stake in Zoom Video Communications by 76.7% in the 1st quarter. Covestor Ltd now owns 394 shares of the company’s stock worth $46,000 after purchasing an additional 171 shares during the period. MML Investors Services LLC boosted its stake in Zoom Video Communications by 1.8% in the 1st quarter. MML Investors Services LLC now owns 9,550 shares of the company’s stock worth $705,000 after purchasing an additional 173 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of Zoom Video Communications by 7.4% during the 3rd quarter. Harbour Investments Inc. now owns 2,535 shares of the company’s stock worth $177,000 after buying an additional 175 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of recent research reports. Mizuho reduced their price objective on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Wedbush restated a “neutral” rating and set a $80.00 price objective on shares of Zoom Video Communications in a research note on Tuesday, February 27th. Jefferies Financial Group initiated coverage on shares of Zoom Video Communications in a research note on Tuesday, March 19th. They set a “hold” rating and a $70.00 price objective for the company. Rosenblatt Securities upgraded shares of Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.56.

Insider Buying and Selling

In related news, insider Velchamy Sankarlingam sold 1,553 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total transaction of $108,710.00. Following the sale, the insider now owns 71,956 shares in the company, valued at approximately $5,036,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 1,553 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $70.00, for a total value of $108,710.00. Following the sale, the insider now owns 71,956 shares in the company, valued at $5,036,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Aparna Bawa sold 816 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $66.60, for a total transaction of $54,345.60. Following the completion of the sale, the chief operating officer now owns 1,978 shares in the company, valued at approximately $131,734.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,256 shares of company stock worth $4,550,057. Corporate insiders own 11.28% of the company’s stock.

Zoom Video Communications Stock Down 0.8 %

Zoom Video Communications stock opened at $59.45 on Friday. The stock has a market cap of $18.28 billion, a P/E ratio of 29.14 and a beta of -0.07. Zoom Video Communications, Inc. has a twelve month low of $58.87 and a twelve month high of $75.90. The company’s 50-day moving average price is $64.82 and its two-hundred day moving average price is $65.95.

Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings results on Monday, February 26th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.34. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. Equities analysts anticipate that Zoom Video Communications, Inc. will post 2.15 earnings per share for the current fiscal year.

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.