World Equity Group Inc. Invests $212,000 in Zoom Video Communications, Inc. (NASDAQ:ZM)

World Equity Group Inc. bought a new position in Zoom Video Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,595 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors have also recently made changes to their positions in ZM. Adero Partners LLC lifted its holdings in Zoom Video Communications by 2.4% during the 4th quarter. Adero Partners LLC now owns 5,509 shares of the company’s stock valued at $450,000 after buying an additional 129 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Zoom Video Communications by 1.9% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock valued at $497,000 after buying an additional 131 shares in the last quarter. MML Investors Services LLC lifted its holdings in Zoom Video Communications by 1.4% during the 3rd quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock valued at $655,000 after buying an additional 132 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Zoom Video Communications by 1.9% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock valued at $556,000 after buying an additional 145 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Zoom Video Communications by 3.4% during the 3rd quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock valued at $322,000 after buying an additional 154 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Stock Down 1.7 %

Shares of Zoom Video Communications stock opened at $81.10 on Tuesday. The firm’s 50 day moving average price is $83.13 and its 200-day moving average price is $76.55. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80. The company has a market cap of $24.86 billion and a P/E ratio of 27.03.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.53). Zoom Video Communications had a return on equity of 10.98% and a net margin of 20.34%. As a group, equities research analysts forecast that Zoom Video Communications, Inc. will post 2.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zoom Video Communications news, CAO Shane Crehan sold 1,551 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $131,741.94. Following the completion of the sale, the chief accounting officer now directly owns 3,251 shares in the company, valued at approximately $276,139.94. The trade was a 32.30 % 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 83,332 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $86.28, for a total transaction of $7,189,884.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 382,242 shares of company stock valued at $31,230,938. Insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

ZM has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of Zoom Video Communications from $70.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a report on Friday, January 10th. Jefferies Financial Group upgraded shares of Zoom Video Communications from a “hold” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Bank of America boosted their price target on shares of Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Evercore ISI upgraded shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $70.00 to $115.00 in a report on Tuesday, November 26th. Sixteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $89.48.

Zoom Video Communications 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.