Schroder Investment Management Group Boosts Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Schroder Investment Management Group increased its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 504.9% during the 4th quarter, HoldingsChannel reports. The fund owned 127,374 shares of the company’s stock after acquiring an additional 106,318 shares during the quarter. Schroder Investment Management Group’s holdings in Zoom Video Communications were worth $10,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in Zoom Video Communications by 357.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,744 shares of the company’s stock worth $81,507,000 after acquiring an additional 780,446 shares in the last quarter. Allstate Corp acquired a new position in Zoom Video Communications in the fourth quarter worth about $587,000. DnB Asset Management AS increased its holdings in Zoom Video Communications by 2.8% in the fourth quarter. DnB Asset Management AS now owns 44,658 shares of the company’s stock valued at $3,645,000 after buying an additional 1,237 shares during the last quarter. denkapparat Operations GmbH acquired a new stake in Zoom Video Communications during the fourth quarter valued at approximately $246,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Zoom Video Communications by 78.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 170,451 shares of the company’s stock worth $13,911,000 after buying an additional 74,844 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Zoom Video Communications in a research report on Wednesday, March 19th. UBS Group reduced their price target on shares of Zoom Video Communications from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Barclays lowered their price objective on shares of Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Scotiabank cut their target price on shares of Zoom Video Communications from $85.00 to $75.00 and set a “sector perform” rating on the stock in a report on Monday, March 17th. Finally, Morgan Stanley upped their target price on Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Fifteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $89.33.

Zoom Video Communications Trading Down 7.5 %

ZM stock opened at $67.75 on Friday. The firm’s 50-day moving average is $79.13 and its two-hundred day moving average is $78.35. The company has a market capitalization of $20.68 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 5.48 and a beta of 0.67. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80.

Insider Buying and Selling

In other news, COO Aparna Bawa sold 9,317 shares of Zoom Video Communications stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.69, for a total value of $733,154.73. Following the transaction, the chief operating officer now owns 14,053 shares of the company’s stock, valued at $1,105,830.57. The trade was a 39.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Eric S. Yuan sold 75,531 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. Insiders have sold a total of 371,746 shares of company stock valued at $29,689,595 over the last quarter. Corporate insiders own 10.78% of the company’s stock.

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.