Hel Ved Capital Management Ltd Purchases Shares of 31,265 Zoom Video Communications, Inc. (NASDAQ:ZM)

Hel Ved Capital Management Ltd acquired a new position in Zoom Video Communications, Inc. (NASDAQ:ZM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 31,265 shares of the company’s stock, valued at approximately $2,552,000.

Several other hedge funds and other institutional investors have also modified their holdings of ZM. Global X Japan Co. Ltd. raised its holdings in Zoom Video Communications by 127.5% in the fourth 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 during the period. Avior Wealth Management LLC raised its stake in shares of Zoom Video Communications by 291.2% in the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of 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 acquiring an additional 258 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in Zoom Video Communications during the 4th quarter worth $39,000. Finally, MRP Capital Investments LLC increased its holdings in Zoom Video Communications by 500.0% in the 4th quarter. MRP Capital Investments LLC now owns 600 shares of the company’s stock valued at $49,000 after purchasing an additional 500 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 118,036 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $79.03, for a total value of $9,328,385.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Aparna Bawa sold 9,317 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $78.69, for a total transaction of $733,154.73. Following the transaction, the chief operating officer now directly owns 14,053 shares of the company’s stock, valued at $1,105,830.57. The trade was a 39.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 371,746 shares of company stock worth $29,689,595. 10.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a research note on Wednesday, March 19th. Stifel Nicolaus reduced their price target on Zoom Video Communications from $90.00 to $85.00 and set a “hold” rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company raised shares of Zoom Video Communications from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $70.00 to $85.00 in a research report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Barclays lowered their price target on shares of Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $89.33.

Zoom Video Communications Stock Down 7.5 %

Shares of NASDAQ:ZM opened at $67.75 on Friday. The company has a market cap of $20.68 billion, a PE ratio of 22.58, a P/E/G ratio of 5.48 and a beta of 0.67. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The firm has a 50-day simple moving average of $79.13 and a 200 day simple moving average of $78.35.

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.