Zoom Video Communications, Inc. (NASDAQ:ZM) Holdings Boosted by Wiser Advisor Group LLC

Wiser Advisor Group LLC boosted its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,995 shares of the company’s stock after acquiring an additional 575 shares during the period. Wiser Advisor Group LLC’s holdings in Zoom Video Communications were worth $408,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Global X Japan Co. Ltd. raised its holdings in shares of Zoom Video Communications by 127.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after buying an additional 190 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Zoom Video Communications by 291.2% during the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Zoom Video Communications by 277.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 258 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Zoom Video Communications during the third quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Zoom Video Communications during the fourth quarter valued at approximately $39,000. Institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

ZM has been the topic of a number of recent analyst reports. Jefferies Financial Group raised Zoom Video Communications from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Scotiabank upgraded shares of Zoom Video Communications to a “hold” rating in a research note on Tuesday, November 19th. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research note on Tuesday. Wells Fargo & Company upgraded shares of Zoom Video Communications from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $70.00 to $85.00 in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their price objective on shares of Zoom Video Communications from $90.00 to $85.00 and set a “hold” rating on the stock in a research note on Tuesday. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.05.

Insider Buying and Selling

In other Zoom Video Communications news, CEO Eric S. Yuan sold 83,332 shares of Zoom Video Communications stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $86.28, for a total transaction of $7,189,884.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Velchamy Sankarlingam sold 3,618 shares of Zoom Video Communications stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $307,312.92. Following the sale, the insider now directly owns 107,826 shares of the company’s stock, valued at $9,158,740.44. This trade represents a 3.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 382,242 shares of company stock valued at $31,230,938. Company insiders own 10.78% of the company’s stock.

Zoom Video Communications Stock Performance

Zoom Video Communications stock opened at $73.70 on Friday. The company has a 50 day moving average price of $82.30 and a 200 day moving average price of $76.76. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80. The firm has a market capitalization of $22.59 billion and a price-to-earnings ratio of 24.57.

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.