Stratos Wealth Partners LTD. Sells 325 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Stratos Wealth Partners LTD. decreased its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,993 shares of the company’s stock after selling 325 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Zoom Video Communications were worth $287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. lifted its holdings in Zoom Video Communications by 63.3% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 294 shares of the company’s stock valued at $34,000 after buying an additional 114 shares in the last quarter. Neo Ivy Capital Management increased its position in Zoom Video Communications by 56.8% during the 2nd quarter. Neo Ivy Capital Management now owns 367 shares of the company’s stock valued at $39,000 after purchasing an additional 133 shares during the period. Covestor Ltd increased its position in Zoom Video Communications by 76.7% during the 1st quarter. Covestor Ltd now owns 394 shares of the company’s stock valued at $46,000 after purchasing an additional 171 shares during the period. AM Squared Ltd purchased a new position in Zoom Video Communications during the 3rd quarter valued at about $28,000. Finally, Money Concepts Capital Corp increased its position in Zoom Video Communications by 821.2% during the 4th quarter. Money Concepts Capital Corp now owns 479 shares of the company’s stock valued at $32,000 after purchasing an additional 427 shares during the period. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Trading Down 2.3 %

NASDAQ:ZM opened at $60.24 on Tuesday. The company has a market cap of $18.53 billion, a PE ratio of 29.53 and a beta of -0.07. Zoom Video Communications, Inc. has a twelve month low of $58.87 and a twelve month high of $75.90. The company’s 50 day moving average is $65.21 and its two-hundred day moving average is $66.19.

Zoom Video Communications (NASDAQ:ZM) last released its earnings results on Monday, February 26th. The company reported $0.76 earnings per share 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 the consensus estimate of $1.13 billion. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. As a group, analysts expect that Zoom Video Communications, Inc. will post 2.15 EPS for the current fiscal year.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, COO Aparna Bawa sold 816 shares of Zoom Video Communications stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $66.60, for a total transaction of $54,345.60. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares in the company, valued at approximately $131,734.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Zoom Video Communications news, CEO Eric S. Yuan sold 27,963 shares of Zoom Video Communications stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $61.98, for a total transaction of $1,733,146.74. Following the completion of the sale, the chief executive officer now directly owns 95,140 shares in the company, valued at approximately $5,896,777.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 816 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $66.60, for a total transaction of $54,345.60. Following the completion of the transaction, the chief operating officer now owns 1,978 shares of the company’s stock, valued at $131,734.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,456 shares of company stock worth $5,539,710. Company insiders own 11.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Wells Fargo & Company downgraded shares of Zoom Video Communications from an “equal weight” rating to an “underweight” rating and set a $70.00 target price on the stock. in a research report on Wednesday, December 20th. Rosenblatt Securities reissued a “neutral” rating and set a $75.00 target price on shares of Zoom Video Communications in a research report on Tuesday, March 26th. Wedbush reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, February 27th. Finally, Mizuho cut their price objective on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Zoom Video Communications currently has a consensus rating of “Hold” and an average price target of $77.56.

About Zoom Video Communications

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.