Blue Trust Inc. Buys 2,760 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Blue Trust Inc. lifted its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 117.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,105 shares of the company’s stock after buying an additional 2,760 shares during the quarter. Blue Trust Inc.’s holdings in Zoom Video Communications were worth $356,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ZM. AQR Capital Management LLC increased its stake in Zoom Video Communications by 78.5% in the 2nd quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock worth $337,233,000 after acquiring an additional 2,520,987 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Zoom Video Communications by 96.7% in the second quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock worth $310,566,000 after purchasing an additional 2,579,720 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Zoom Video Communications by 60.9% in the second quarter. Acadian Asset Management LLC now owns 4,902,397 shares of the company’s stock worth $290,153,000 after purchasing an additional 1,855,679 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Zoom Video Communications by 24.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,365,705 shares of the company’s stock valued at $80,827,000 after purchasing an additional 264,217 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in Zoom Video Communications by 20.0% during the second quarter. Primecap Management Co. CA now owns 1,280,525 shares of the company’s stock valued at $75,794,000 after purchasing an additional 213,575 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Insider Activity

In other Zoom Video Communications news, CEO Eric S. Yuan sold 35,722 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $71.45, for a total value of $2,552,336.90. Following the completion of the transaction, the chief executive officer now directly owns 57,371 shares in the company, valued at approximately $4,099,157.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Aparna Bawa sold 880 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $68.09, for a total value of $59,919.20. Following the completion of the transaction, the chief operating officer now owns 2,809 shares in the company, valued at $191,264.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric S. Yuan sold 35,722 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $71.45, for a total value of $2,552,336.90. Following the completion of the sale, the chief executive officer now directly owns 57,371 shares in the company, valued at approximately $4,099,157.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,477 shares of company stock valued at $12,842,978. Company insiders own 10.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ZM shares. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Zoom Video Communications in a report on Thursday, October 10th. Robert W. Baird lowered their price target on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Stifel Nicolaus lifted their price target on Zoom Video Communications from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, October 10th. Bank of America reduced their price objective 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. Finally, Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.32.

Zoom Video Communications Stock Up 0.4 %

Shares of Zoom Video Communications stock opened at $72.54 on Thursday. The company’s fifty day simple moving average is $67.90 and its two-hundred day simple moving average is $62.81. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $74.77. The firm has a market cap of $22.43 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 6.05 and a beta of -0.04.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. As a group, sell-side analysts expect that Zoom Video Communications, Inc. will post 2.76 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.