Stifel Financial Corp Has $1.14 Million Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Stifel Financial Corp increased its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,910 shares of the company’s stock after purchasing an additional 450 shares during the quarter. Stifel Financial Corp’s holdings in Zoom Video Communications were worth $1,135,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Adero Partners LLC grew its holdings in shares of Zoom Video Communications by 2.4% in the 4th quarter. Adero Partners LLC now owns 5,509 shares of the company’s stock valued at $450,000 after buying an additional 129 shares during the period. GAMMA Investing LLC grew its stake in Zoom Video Communications by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock valued at $63,000 after buying an additional 164 shares during the last quarter. Principal Securities Inc. increased its position in Zoom Video Communications by 26.9% during the 4th quarter. Principal Securities Inc. now owns 783 shares of the company’s stock worth $64,000 after buying an additional 166 shares during the period. PNC Financial Services Group Inc. grew its position in Zoom Video Communications by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,040 shares of the company’s stock worth $330,000 after buying an additional 168 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its stake in Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock worth $28,000 after buying an additional 190 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZM has been the topic of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a report on Tuesday, February 25th. Cantor Fitzgerald reiterated a “neutral” rating and set a $87.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. Wells Fargo & Company cut their price target on Zoom Video Communications from $85.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Benchmark reissued a “buy” rating and set a $97.00 price target on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Finally, Morgan Stanley lowered their target price on Zoom Video Communications from $96.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Fifteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $85.90.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 11,839 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $71.91, for a total transaction of $851,342.49. Following the sale, the insider now owns 125,529 shares of the company’s stock, valued at $9,026,790.39. The trade was a 8.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $78.82, for a total transaction of $195,079.50. Following the completion of the sale, the director now owns 157,824 shares in the company, valued at $12,439,687.68. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,515 shares of company stock worth $12,132,994. Corporate insiders own 11.51% of the company’s stock.

Zoom Video Communications Price Performance

NASDAQ ZM opened at $80.27 on Friday. The stock has a 50-day moving average of $74.21 and a two-hundred day moving average of $79.13. The company has a market cap of $24.50 billion, a P/E ratio of 26.76, a P/E/G ratio of 5.48 and a beta of 0.79. Zoom Video Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80.

Zoom Video Communications Company 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.