Monaco Asset Management SAM Has $612,000 Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Monaco Asset Management SAM cut its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 95.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,500 shares of the company’s stock after selling 163,169 shares during the period. Monaco Asset Management SAM’s holdings in Zoom Video Communications were worth $612,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Adero Partners LLC grew its stake in 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 last quarter. Itau Unibanco Holding S.A. grew its stake in Zoom Video Communications by 1.9% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock valued at $497,000 after buying an additional 131 shares during the last quarter. MML Investors Services LLC increased its position in Zoom Video Communications by 1.4% during the third quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock worth $655,000 after acquiring an additional 132 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in Zoom Video Communications by 1.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock worth $556,000 after acquiring an additional 145 shares during the period. Finally, MetLife Investment Management LLC increased its position in Zoom Video Communications by 3.4% during the third quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock worth $322,000 after acquiring an additional 154 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Zoom Video Communications Trading Down 2.3 %

NASDAQ:ZM opened at $72.23 on Friday. The stock has a 50-day moving average price of $80.61 and a two-hundred day moving average price of $77.61. The stock has a market cap of $22.14 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 5.48 and a beta of 0.26. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80.

Insiders Place Their Bets

In other Zoom Video Communications news, Director Jonathan Chadwick sold 25,000 shares of Zoom Video Communications stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total value of $2,008,250.00. Following the sale, the director now directly owns 1,514 shares in the company, valued at approximately $121,619.62. The trade was a 94.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 369,271 shares of company stock worth $29,496,892. Corporate insiders own 10.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ZM. Mizuho boosted their price target on Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Rosenblatt Securities reissued a “buy” rating and set a $95.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 25th. JMP Securities reiterated a “market perform” rating on shares of Zoom Video Communications in a research report on Tuesday, November 26th. Wells Fargo & Company upgraded Zoom Video Communications from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $70.00 to $85.00 in a research report on Tuesday, January 7th. Finally, Morgan Stanley lifted their price objective on Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Fifteen investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $90.05.

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.