Donald L. Hagan LLC purchased a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,636 shares of the company's stock, valued at approximately $672,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZM. Pacer Advisors Inc. increased its position in Zoom Video Communications by 96.7% during the 2nd 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 period. AQR Capital Management LLC grew its holdings in Zoom Video Communications by 78.5% during the second 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 period. Acadian Asset Management LLC raised its position in 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 acquiring an additional 1,855,679 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Zoom Video Communications by 6,614.6% in the third quarter. International Assets Investment Management LLC now owns 499,966 shares of the company's stock valued at $34,868,000 after acquiring an additional 492,520 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Zoom Video Communications by 297.6% in the first quarter. Canada Pension Plan Investment Board now owns 639,669 shares of the company's stock valued at $41,815,000 after acquiring an additional 478,769 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ ZM traded up $1.85 during trading on Wednesday, hitting $79.60. 722,940 shares of the company traded hands, compared to its average volume of 3,212,722. The firm has a market capitalization of $24.50 billion, a P/E ratio of 27.87, a P/E/G ratio of 6.51 and a beta of -0.05. The company has a 50-day moving average price of $69.83 and a 200-day moving average price of $63.69. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $79.80.
Zoom Video Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. Research analysts predict that Zoom Video Communications, Inc. will post 2.74 EPS for the current fiscal year.
In other Zoom Video Communications news, CFO Kelly Steckelberg sold 5,013 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $59.70, for a total transaction of $299,276.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Zoom Video Communications news, Director Jonathan Chadwick sold 12,500 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $75.04, for a total value of $938,000.00. Following the transaction, the director now owns 1,514 shares in the company, valued at $113,610.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kelly Steckelberg sold 5,013 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $59.70, for a total transaction of $299,276.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,550 shares of company stock valued at $13,361,571. Company insiders own 10.78% of the company's stock.
A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $78.00 price target on shares of Zoom Video Communications in a report on Friday, October 4th. Piper Sandler dropped their target price on shares of Zoom Video Communications from $72.00 to $68.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. Needham & Company LLC restated a "hold" rating on shares of Zoom Video Communications in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft raised their price objective on Zoom Video Communications from $71.00 to $75.00 and gave the company a "hold" rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $95.00 target price on shares of Zoom Video Communications in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $75.32.
Read Our Latest Stock Report on ZM
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.
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