Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC raised its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,435 shares of the company’s stock after buying an additional 508 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Zoom Video Communications were worth $444,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC increased its stake in Zoom Video Communications by 23.8% during the 3rd quarter. FMR LLC now owns 12,444,887 shares of the company’s stock worth $867,906,000 after buying an additional 2,395,396 shares in the last quarter. State Street Corp increased its stake in Zoom Video Communications by 2.3% during the 3rd quarter. State Street Corp now owns 6,106,293 shares of the company’s stock worth $425,853,000 after buying an additional 134,559 shares in the last quarter. Pacer Advisors Inc. increased its stake in Zoom Video Communications by 4.4% during the 3rd quarter. Pacer Advisors Inc. now owns 5,480,179 shares of the company’s stock worth $382,188,000 after buying an additional 233,241 shares in the last quarter. Geode Capital Management LLC increased its stake in Zoom Video Communications by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 4,595,435 shares of the company’s stock worth $320,177,000 after buying an additional 184,518 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in Zoom Video Communications by 9.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,448,700 shares of the company’s stock worth $101,032,000 after buying an additional 128,800 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ZM shares. Cantor Fitzgerald restated a “neutral” rating and set a $87.00 target price on shares of Zoom Video Communications in a report on Tuesday, February 25th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a report on Tuesday, February 25th. Sanford C. Bernstein boosted their target price on Zoom Video Communications from $78.00 to $89.00 and gave the stock a “market perform” rating in a report on Tuesday, November 26th. Morgan Stanley boosted their target price on Zoom Video Communications from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group boosted their target price on Zoom Video Communications from $72.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Fifteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Zoom Video Communications presently has a consensus rating of “Hold” and an average price target of $90.05.

Zoom Video Communications Trading Up 0.7 %

Zoom Video Communications stock opened at $75.98 on Friday. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The stock’s fifty day simple moving average is $81.31 and its 200-day simple moving average is $77.49. The firm has a market capitalization of $23.29 billion, a P/E ratio of 25.33, a P/E/G ratio of 5.48 and a beta of 0.26.

Insider Transactions at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 118,036 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $79.03, for a total transaction of $9,328,385.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Chadwick sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $80.33, for a total value of $2,008,250.00. Following the sale, the director now directly owns 1,514 shares in the company, valued at $121,619.62. This represents a 94.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 374,440 shares of company stock valued at $29,935,946. 10.78% of the stock is currently owned by company insiders.

About Zoom Video Communications

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.