Bellecapital International Ltd. Grows Stock Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Bellecapital International Ltd. increased its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,634 shares of the company’s stock after purchasing an additional 342 shares during the period. Bellecapital International Ltd.’s holdings in Zoom Video Communications were worth $1,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Zoom Video Communications by 177.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 246 shares during the period. Parkside Financial Bank & Trust increased its holdings in Zoom Video Communications by 277.4% in 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 in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Zoom Video Communications in the fourth quarter worth about $30,000. Colonial Trust Co SC purchased a new stake in shares of Zoom Video Communications during the 4th quarter worth about $32,000. Finally, MRP Capital Investments LLC boosted its stake in shares of Zoom Video Communications by 500.0% during the 4th quarter. MRP Capital Investments LLC now owns 600 shares of the company’s stock worth $49,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Stock Down 1.6%

Shares of NASDAQ:ZM opened at $78.16 on Thursday. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80. The stock has a market cap of $23.65 billion, a P/E ratio of 26.05, a PEG ratio of 5.48 and a beta of 0.71. The business has a fifty day moving average of $77.25 and a two-hundred day moving average of $79.59.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. Zoom Video Communications had a net margin of 20.34% and a return on equity of 10.98%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Zoom Video Communications’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Zoom Video Communications, Inc. will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZM. Bank of America upped their price target on Zoom Video Communications from $79.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, May 22nd. UBS Group reduced their target price on Zoom Video Communications from $90.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Barclays dropped their price target on shares of Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their price target on shares of Zoom Video Communications from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, May 22nd. Finally, Rosenblatt Securities increased their price objective on shares of Zoom Video Communications from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $87.00.

Insider Transactions at Zoom Video Communications

In other news, COO Aparna Bawa sold 16,099 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $72.59, for a total value of $1,168,626.41. Following the sale, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at approximately $143,583.02. The trade was a 89.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Velchamy Sankarlingam sold 11,839 shares of the 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 transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders sold 94,054 shares of company stock worth $6,877,613 in the last 90 days. Insiders own 11.51% 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.