Whittier Trust Co. Sells 200 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)



Whittier Trust Co. decreased its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating) by 39.8% in the first quarter, Holdings Channel reports. The firm owned 302 shares of the company’s stock after selling 200 shares during the period. Whittier Trust Co.’s holdings in Zoom Video Communications were worth $35,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of Zoom Video Communications in the 4th quarter worth $26,000. Ellevest Inc. boosted its position in shares of Zoom Video Communications by 94.8% in the 4th quarter. Ellevest Inc. now owns 150 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. BerganKDV Wealth Management LLC boosted its position in shares of Zoom Video Communications by 144.4% in the 4th quarter. BerganKDV Wealth Management LLC now owns 154 shares of the company’s stock worth $28,000 after purchasing an additional 91 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in Zoom Video Communications during the 4th quarter worth about $38,000. Finally, Amplius Wealth Advisors LLC acquired a new stake in Zoom Video Communications during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 55.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Piper Sandler lifted their price target on Zoom Video Communications from $96.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. BTIG Research lowered their price target on Zoom Video Communications from $180.00 to $150.00 in a research report on Friday, May 13th. Deutsche Bank Aktiengesellschaft lowered their price target on Zoom Video Communications from $155.00 to $105.00 in a research report on Tuesday, May 24th. Citigroup lowered their price target on Zoom Video Communications from $118.00 to $99.00 and set a “neutral” rating for the company in a research report on Tuesday, May 24th. Finally, TheStreet raised Zoom Video Communications from a “d” rating to a “c” rating in a research report on Monday, April 18th. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $161.53.

Insider Buying and Selling

In related news, CFO Kelly Steckelberg sold 6,700 shares of Zoom Video Communications stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $100.00, for a total value of $670,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Aparna Bawa sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $103.73, for a total transaction of $207,460.00. Following the transaction, the chief operating officer now directly owns 87,068 shares in the company, valued at approximately $9,031,563.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kelly Steckelberg sold 6,700 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $100.00, for a total value of $670,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,923 shares of company stock worth $5,772,171. Insiders own 11.24% of the company’s stock.

Zoom Video Communications Stock Down 3.9%

Shares of Zoom Video Communications stock opened at $106.55 on Friday. Zoom Video Communications, Inc. has a twelve month low of $79.03 and a twelve month high of $404.35. The business has a 50-day moving average price of $107.36 and a 200 day moving average price of $118.22. The firm has a market cap of $31.79 billion, a PE ratio of 25.86, a P/E/G ratio of 4.54 and a beta of -0.60.

Zoom Video Communications (NASDAQ:ZM – Get Rating) last posted its quarterly earnings data on Monday, May 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12. Zoom Video Communications had a return on equity of 16.56% and a net margin of 29.91%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $0.97 EPS. Zoom Video Communications’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts expect that Zoom Video Communications, Inc. will post 1.75 EPS for the current year.

Zoom Video Communications Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding ZM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zoom Video Communications, Inc. (NASDAQ:ZM – Get Rating).

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



Receive News & Ratings for Zoom Video Communications Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Zoom Video Communications and related companies with MarketBeat.com’s FREE daily email newsletter.

.

Leave a Comment

Your email address will not be published.