Mercer Global Advisors Inc. ADV Sells 4,911 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Mercer Global Advisors Inc. ADV trimmed its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) by 38.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,836 shares of the company’s stock after selling 4,911 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Zoom Video Communications were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of 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 acquiring an additional 114 shares during the period. Neo Ivy Capital Management boosted its holdings in shares of Zoom Video Communications by 56.8% in the second quarter. Neo Ivy Capital Management now owns 367 shares of the company’s stock worth $39,000 after acquiring an additional 133 shares during the period. Bellecapital International Ltd. boosted its holdings in shares of Zoom Video Communications by 2.4% in the third quarter. Bellecapital International Ltd. now owns 6,404 shares of the company’s stock worth $471,000 after acquiring an additional 152 shares during the period. Benjamin Edwards Inc. raised its position in shares of Zoom Video Communications by 33.7% in the fourth quarter. Benjamin Edwards Inc. now owns 643 shares of the company’s stock worth $44,000 after buying an additional 162 shares in the last quarter. Finally, CNB Bank raised its position in shares of Zoom Video Communications by 9.4% in the third quarter. CNB Bank now owns 1,963 shares of the company’s stock worth $144,000 after buying an additional 169 shares in the last quarter. 52.96% of the stock is owned by institutional investors.

Zoom Video Communications Price Performance

ZM opened at $69.37 on Monday. The business has a 50 day simple moving average of $67.46 and a two-hundred day simple moving average of $71.30. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 216.79, a PEG ratio of 3.74 and a beta of -0.22. Zoom Video Communications, Inc. has a one year low of $60.45 and a one year high of $124.05.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last released its quarterly earnings results on Monday, February 27th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.43). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.10 billion. Zoom Video Communications had a net margin of 2.36% and a return on equity of 2.70%. As a group, sell-side analysts expect that Zoom Video Communications, Inc. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

ZM has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Zoom Video Communications from $67.00 to $68.00 and gave the stock a “sell” rating in a research report on Wednesday, March 1st. MKM Partners downgraded Zoom Video Communications from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $100.00 to $75.00 in a research report on Monday, January 23rd. Rosenblatt Securities initiated coverage on Zoom Video Communications in a research report on Thursday, March 23rd. They issued a “neutral” rating and a $75.00 price objective on the stock. Mizuho reiterated a “buy” rating and issued a $100.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, February 28th. Finally, Roth Capital restated a “neutral” rating on shares of Zoom Video Communications in a research report on Wednesday, February 8th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.70.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, CFO Kelly Steckelberg sold 3,224 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $63.88, for a total transaction of $205,949.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Zoom Video Communications news, CFO Kelly Steckelberg sold 3,224 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $63.88, for a total transaction of $205,949.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Aparna Bawa sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $73.24, for a total value of $512,680.00. Following the transaction, the chief operating officer now owns 42,639 shares in the company, valued at approximately $3,122,880.36. The disclosure for this sale can be found here. Insiders sold 103,893 shares of company stock valued at $7,116,654 in the last 90 days. Insiders own 11.28% of the company’s stock.

Zoom Video Communications Profile

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Zoom Video Communications, Inc engages in the provision of video-first communications platform. The firm offers meetings, chat, rooms and workspaces, phone systems, video webinars, marketplace, and developer platform products. It serves the education, finance, government, and healthcare industries. Its platform helps people to connect through voice, chat, content sharing, and face-to-face video experiences.