Mizuho Securities Co. Ltd. Has $129,000 Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Mizuho Securities Co. Ltd. increased its stake in Zoom Video Communications, Inc. (NASDAQ:ZM) by 272.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,790 shares of the company’s stock after purchasing an additional 1,310 shares during the period. Mizuho Securities Co. Ltd.’s holdings in Zoom Video Communications were worth $129,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in shares of Zoom Video Communications during the fourth quarter worth approximately $48,000. Linden Thomas Advisory Services LLC lifted its holdings in shares of Zoom Video Communications by 3.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 36,626 shares of the company’s stock worth $2,634,000 after buying an additional 1,107 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Zoom Video Communications by 18.8% during the fourth quarter. Handelsbanken Fonder AB now owns 47,927 shares of the company’s stock worth $3,446,000 after buying an additional 7,573 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Zoom Video Communications by 144.2% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 9,510 shares of the company’s stock worth $684,000 after buying an additional 5,615 shares during the last quarter. Finally, abrdn plc lifted its holdings in shares of Zoom Video Communications by 103.9% during the fourth quarter. abrdn plc now owns 90,119 shares of the company’s stock worth $6,480,000 after buying an additional 45,912 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Video Communications Price Performance

Shares of ZM stock traded up $2.08 during trading hours on Tuesday, hitting $61.62. 3,890,006 shares of the company’s stock were exchanged, compared to its average volume of 3,333,819. The stock’s 50-day moving average is $64.68 and its 200-day moving average is $65.87. The stock has a market cap of $18.95 billion, a price-to-earnings ratio of 30.21 and a beta of -0.07. Zoom Video Communications, Inc. has a 52 week low of $58.87 and a 52 week high of $75.90.

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

Insider Transactions at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 2,421 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $63.69, for a total transaction of $154,193.49. Following the transaction, the chief executive officer now owns 90,001 shares of the company’s stock, valued at $5,732,163.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Santiago Subotovsky sold 2,067 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $65.88, for a total transaction of $136,173.96. Following the transaction, the director now owns 157,626 shares of the company’s stock, valued at $10,384,400.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric S. Yuan sold 2,421 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $63.69, for a total value of $154,193.49. Following the transaction, the chief executive officer now directly owns 90,001 shares in the company, valued at approximately $5,732,163.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,224 shares of company stock worth $5,872,091. Insiders own 11.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Mizuho cut their price target on Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Jefferies Financial Group assumed coverage on Zoom Video Communications in a research note on Tuesday, March 19th. They issued a “hold” rating and a $70.00 target price for the company. Wedbush restated a “neutral” rating and issued a $80.00 target price on shares of Zoom Video Communications in a research note on Tuesday, February 27th. BNP Paribas lowered Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. cut their target price on 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 analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Zoom Video Communications currently has an average rating of “Hold” and a consensus target price of $77.56.

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.