Hsbc Holdings PLC Purchases 105,921 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Hsbc Holdings PLC lifted its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 14.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 857,137 shares of the company’s stock after buying an additional 105,921 shares during the period. Hsbc Holdings PLC owned approximately 0.28% of Zoom Video Communications worth $50,675,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Evoke Wealth LLC increased its position in Zoom Video Communications by 3.5% during the 4th quarter. Evoke Wealth LLC now owns 5,066 shares of the company’s stock valued at $364,000 after buying an additional 172 shares in the last quarter. Baader Bank Aktiengesellschaft increased its holdings in shares of Zoom Video Communications by 0.8% during the second quarter. Baader Bank Aktiengesellschaft now owns 23,189 shares of the company’s stock valued at $1,370,000 after acquiring an additional 189 shares in the last quarter. Cantor Fitzgerald L. P. raised its position in shares of Zoom Video Communications by 2.7% in the 4th quarter. Cantor Fitzgerald L. P. now owns 7,566 shares of the company’s stock valued at $544,000 after purchasing an additional 197 shares during the last quarter. Excalibur Management Corp boosted its stake in Zoom Video Communications by 5.6% in the 2nd quarter. Excalibur Management Corp now owns 4,344 shares of the company’s stock worth $257,000 after purchasing an additional 232 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Zoom Video Communications by 269.7% in the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling

In related news, COO Aparna Bawa sold 11,060 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $57.15, for a total transaction of $632,079.00. Following the completion of the transaction, the chief operating officer now owns 12,310 shares in the company, valued at approximately $703,516.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Aparna Bawa sold 11,060 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $57.15, for a total value of $632,079.00. Following the sale, the chief operating officer now directly owns 12,310 shares of the company’s stock, valued at $703,516.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric S. Yuan sold 2,420 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $56.12, for a total value of $135,810.40. Following the completion of the transaction, the chief executive officer now directly owns 90,354 shares of the company’s stock, valued at $5,070,666.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,915 shares of company stock valued at $7,661,812. 10.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ZM has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Thursday, August 22nd. Morgan Stanley reduced their target price on Zoom Video Communications from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, June 14th. Wells Fargo & Company boosted their price target on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Robert W. Baird reduced their price objective on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Finally, Bank of America dropped their target price on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.68.

Zoom Video Communications Stock Up 0.9 %

NASDAQ:ZM opened at $67.53 on Friday. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $74.77. The stock’s 50-day moving average price is $62.72 and its 200-day moving average price is $62.32. The stock has a market capitalization of $20.89 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 5.83 and a beta of -0.05.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.21 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. Zoom Video Communications’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. Sell-side analysts expect that Zoom Video Communications, Inc. will post 2.74 earnings per share for the current fiscal year.

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.