Kestra Private Wealth Services LLC grew its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) by 28.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,269 shares of the company’s stock after buying an additional 496 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Zoom Video Communications were worth $266,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in Zoom Video Communications during the fourth quarter valued at $26,000. GHP Investment Advisors Inc. purchased a new position in shares of Zoom Video Communications during the 1st quarter worth about $29,000. Nauset Wealth Management. LLC bought a new position in Zoom Video Communications during the 1st quarter valued at about $30,000. Private Capital Group LLC raised its position in Zoom Video Communications by 242.1% in the 1st quarter. Private Capital Group LLC now owns 260 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in Zoom Video Communications by 63.3% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 52.86% of the company’s stock.
Analysts Set New Price Targets
ZM has been the topic of a number of recent analyst reports. Benchmark reduced their target price on Zoom Video Communications from $128.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, August 23rd. Citigroup decreased their price objective on shares of Zoom Video Communications from $91.00 to $76.00 and set a “sell” rating for the company in a report on Tuesday, August 23rd. Mizuho dropped their target price on shares of Zoom Video Communications from $190.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, August 23rd. Sanford C. Bernstein started coverage on shares of Zoom Video Communications in a research note on Tuesday, July 19th. They set a “market perform” rating and a $122.00 price target for the company. Finally, BTIG Research cut Zoom Video Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Zoom Video Communications currently has a consensus rating of “Hold” and an average price target of $139.58.
Insider Buying and Selling at Zoom Video Communications
Zoom Video Communications Stock Performance
Shares of ZM opened at $75.94 on Thursday. Zoom Video Communications, Inc. has a 1 year low of $75.32 and a 1 year high of $291.31. The stock has a market capitalization of $22.60 billion, a PE ratio of 23.51, a PEG ratio of 4.31 and a beta of -0.49. The stock has a 50-day simple moving average of $95.44 and a 200-day simple moving average of $103.48.
Zoom Video Communications (NASDAQ:ZM – Get Rating) last announced its quarterly earnings results on Monday, August 22nd. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. Zoom Video Communications had a net margin of 23.05% and a return on equity of 11.87%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business earned $0.98 EPS. Zoom Video Communications’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Zoom Video Communications, Inc. will post 1.3 EPS for the current year.
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.
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