TD Asset Management Inc Sells 5,945 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

TD Asset Management Inc cut its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZMFree Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,294 shares of the company’s stock after selling 5,945 shares during the period. TD Asset Management Inc’s holdings in Zoom Video Communications were worth $4,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZM. Norges Bank bought a new position in shares of Zoom Video Communications in the fourth quarter worth approximately $164,224,000. Acadian Asset Management LLC increased its position in shares of Zoom Video Communications by 639.9% in the third quarter. Acadian Asset Management LLC now owns 1,629,081 shares of the company’s stock worth $113,916,000 after purchasing an additional 1,408,908 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Zoom Video Communications by 4.6% in the third quarter. Vanguard Group Inc. now owns 22,695,541 shares of the company’s stock worth $1,587,326,000 after purchasing an additional 1,000,005 shares during the last quarter. ARK Investment Management LLC increased its position in shares of Zoom Video Communications by 7.7% in the fourth quarter. ARK Investment Management LLC now owns 10,964,576 shares of the company’s stock worth $788,463,000 after purchasing an additional 781,663 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Zoom Video Communications by 5,787.2% in the fourth quarter. International Assets Investment Management LLC now owns 583,190 shares of the company’s stock worth $41,937,000 after purchasing an additional 573,284 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zoom Video Communications

In other Zoom Video Communications news, CAO Shane Crehan sold 1,931 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $135,170.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Shane Crehan sold 1,931 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.00, for a total transaction of $135,170.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kelly Steckelberg sold 5,007 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $59.36, for a total value of $297,215.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,977 shares of company stock valued at $6,218,763. 10.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on ZM shares. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, May 21st. Mizuho reduced their price target 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. Citigroup increased their price target on shares of Zoom Video Communications from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Robert W. Baird reduced their price target on shares of Zoom Video Communications from $90.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Finally, Sanford C. Bernstein reduced their price target on shares of Zoom Video Communications from $82.00 to $78.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.18.

Check Out Our Latest Report on Zoom Video Communications

Zoom Video Communications Trading Up 1.6 %

Shares of Zoom Video Communications stock opened at $63.11 on Friday. The firm has a market capitalization of $19.52 billion, a P/E ratio of 23.55, a P/E/G ratio of 9.73 and a beta of -0.01. The business has a fifty day simple moving average of $62.25 and a two-hundred day simple moving average of $65.84. Zoom Video Communications, Inc. has a 12 month low of $58.87 and a 12 month high of $75.90.

Zoom Video Communications Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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