Bank Hapoalim BM Buys 8,439 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Bank Hapoalim BM raised its stake in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 77,560 shares of the company’s stock after purchasing an additional 8,439 shares during the quarter. Bank Hapoalim BM’s holdings in Zoom Video Communications were worth $5,409,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of Zoom Video Communications by 96.7% in the 2nd quarter. Pacer Advisors Inc. now owns 5,246,938 shares of the company’s stock valued at $310,566,000 after buying an additional 2,579,720 shares in the last quarter. AQR Capital Management LLC raised its position in Zoom Video Communications by 78.5% in the second quarter. AQR Capital Management LLC now owns 5,731,354 shares of the company’s stock worth $337,233,000 after purchasing an additional 2,520,987 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Zoom Video Communications by 60.9% during 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 period. International Assets Investment Management LLC boosted its holdings in Zoom Video Communications by 6,614.6% during the third quarter. International Assets Investment Management LLC now owns 499,966 shares of the company’s stock valued at $34,868,000 after purchasing an additional 492,520 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Zoom Video Communications by 297.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 639,669 shares of the company’s stock valued at $41,815,000 after purchasing an additional 478,769 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

ZM opened at $74.95 on Thursday. The firm has a 50 day simple moving average of $69.39 and a 200 day simple moving average of $63.21. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $75.96. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 6.26 and a beta of -0.04.

Zoom Video Communications (NASDAQ:ZM) last released its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. As a group, analysts expect that Zoom Video Communications, Inc. will post 2.74 EPS for the current year.

Analyst Ratings Changes

ZM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $78.00 target price on shares of Zoom Video Communications in a research report on Friday, October 4th. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a report on Friday, October 11th. Benchmark upped their price objective on shares of Zoom Video Communications from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Piper Sandler cut 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 research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $75.32.

Insider Activity at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 37,206 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $68.20, for a total value of $2,537,449.20. Following the sale, the chief executive officer now directly owns 114,341 shares in the company, valued at $7,798,056.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Zoom Video Communications news, CEO Eric S. Yuan sold 35,722 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 57,371 shares of the company’s stock, valued at approximately $4,099,157.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 37,206 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $68.20, for a total value of $2,537,449.20. Following the sale, the chief executive officer now directly owns 114,341 shares in the company, valued at approximately $7,798,056.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 188,477 shares of company stock worth $12,842,978. 10.78% of the stock is owned by insiders.

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.