Daiwa Securities Group Inc. Purchases 840 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Daiwa Securities Group Inc. lifted its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,822 shares of the company’s stock after acquiring an additional 840 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Zoom Video Communications were worth $1,944,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. lifted its holdings in Zoom Video Communications by 127.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after buying an additional 190 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Zoom Video Communications by 291.2% during the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after buying an additional 265 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Zoom Video Communications by 277.4% during the 4th 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. Truvestments Capital LLC bought a new stake in Zoom Video Communications during the 3rd quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. bought a new stake in Zoom Video Communications during the 4th quarter valued at about $39,000. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Trading Up 2.7 %

NASDAQ:ZM opened at $74.20 on Friday. The company has a market cap of $22.65 billion, a PE ratio of 24.73, a P/E/G ratio of 5.48 and a beta of 0.26. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The company’s 50 day moving average is $80.44 and its two-hundred day moving average is $77.63.

Insiders Place Their Bets

In other Zoom Video Communications news, CAO Shane Crehan sold 1,412 shares of Zoom Video Communications stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $111,110.28. Following the completion of the sale, the chief accounting officer now directly owns 5,404 shares in the company, valued at approximately $425,240.76. The trade was a 20.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 75,531 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.98, for a total transaction of $5,663,314.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 369,271 shares of company stock valued at $29,496,892. Insiders own 10.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ZM shares. Citigroup decreased their price objective on shares of Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Barclays cut their target price on shares of Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Mizuho raised their target price on shares of Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Zoom Video Communications in a research report on Tuesday, November 26th. Finally, Morgan Stanley raised their target price on shares of Zoom Video Communications from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Fifteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zoom Video Communications presently has an average rating of “Hold” and an average target price of $90.05.

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.