Los Angeles Capital Management LLC Has $13.38 Million Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Los Angeles Capital Management LLC grew its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 17.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 204,607 shares of the company’s stock after acquiring an additional 30,902 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of Zoom Video Communications worth $13,375,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Principal Securities Inc. bought a new stake in Zoom Video Communications in the fourth quarter valued at $25,000. Quadrant Capital Group LLC increased its stake in Zoom Video Communications by 269.7% in the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Zoom Video Communications during the fourth quarter valued at about $32,000. Rakuten Securities Inc. acquired a new position in shares of Zoom Video Communications during the fourth quarter valued at about $43,000. Finally, GAMMA Investing LLC acquired a new position in shares of Zoom Video Communications during the fourth quarter valued at about $48,000. Institutional investors own 66.54% of the company’s stock.

Insiders Place Their Bets

In other Zoom Video Communications news, CFO Kelly Steckelberg sold 5,007 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $61.43, for a total value of $307,580.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Kelly Steckelberg sold 5,007 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $61.43, for a total value of $307,580.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Santiago Subotovsky sold 1,100 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $65.38, for a total transaction of $71,918.00. Following the completion of the sale, the director now directly owns 154,459 shares of the company’s stock, valued at approximately $10,098,529.42. The disclosure for this sale can be found here. Insiders sold a total of 104,193 shares of company stock valued at $6,427,858 in the last quarter. Corporate insiders own 10.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Zoom Video Communications from $75.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group assumed coverage on shares of Zoom Video Communications in a report on Tuesday, March 19th. They set a “hold” rating and a $70.00 price objective for the company. Wedbush reiterated a “neutral” rating and set a $80.00 price objective on shares of Zoom Video Communications in a report on Tuesday, February 27th. Stifel Nicolaus reduced their price objective on shares of Zoom Video Communications from $70.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, May 21st. Finally, Sanford C. Bernstein reduced their price objective on shares of Zoom Video Communications from $82.00 to $78.00 and set a “market perform” rating for the company in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Zoom Video Communications presently has an average rating of “Hold” and an average target price of $75.72.

Zoom Video Communications Trading Down 1.3 %

Zoom Video Communications stock opened at $56.21 on Thursday. The firm’s 50 day simple moving average is $61.49 and its 200 day simple moving average is $65.40. The firm has a market capitalization of $17.38 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 8.63 and a beta of -0.01. Zoom Video Communications, Inc. has a 1-year low of $56.09 and a 1-year high of $75.90.

Zoom Video Communications (NASDAQ:ZM) last released its quarterly earnings results on Monday, May 20th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.23. Zoom Video Communications had a net margin of 18.37% and a return on equity of 10.55%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Research analysts forecast that Zoom Video Communications, Inc. will post 2.43 earnings per share for the current year.

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.