Metis Global Partners LLC Increases Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Metis Global Partners LLC increased its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,300 shares of the company’s stock after acquiring an additional 254 shares during the period. Metis Global Partners LLC’s holdings in Zoom Video Communications were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZM. Global X Japan Co. Ltd. grew its holdings in Zoom Video Communications by 127.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 339 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares during the period. Avior Wealth Management LLC grew its holdings in Zoom Video Communications by 291.2% in the fourth quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the period. Parkside Financial Bank & Trust grew its holdings in Zoom Video Communications by 277.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 258 shares during the period. Truvestments Capital LLC acquired a new stake in Zoom Video Communications in the third quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Zoom Video Communications in the fourth quarter valued at approximately $39,000. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zoom Video Communications

In other news, CEO Eric S. Yuan sold 83,332 shares of Zoom Video Communications stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $86.28, for a total value of $7,189,884.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Velchamy Sankarlingam sold 3,618 shares of Zoom Video Communications stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total value of $307,312.92. Following the completion of the sale, the insider now directly owns 107,826 shares of the company’s stock, valued at $9,158,740.44. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 298,909 shares of company stock worth $24,272,632 over the last quarter. 10.78% of the stock is currently owned by company insiders.

Zoom Video Communications Stock Up 0.9 %

NASDAQ:ZM opened at $75.60 on Thursday. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80. The company has a market capitalization of $23.17 billion, a P/E ratio of 25.20, a P/E/G ratio of 5.48 and a beta of 0.26. The stock’s fifty day moving average is $81.66 and its two-hundred day moving average is $77.26.

Analysts Set New Price Targets

ZM has been the topic of several research analyst reports. Barclays dropped their price objective on Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Jefferies Financial Group raised Zoom Video Communications from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Mizuho raised their target price on Zoom Video Communications from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company upgraded Zoom Video Communications from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $70.00 to $85.00 in a research report on Tuesday, January 7th. 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.05.

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.