Boston Private Wealth LLC Has $212,000 Stake in Zoom Video Communications, Inc. (NASDAQ:ZM)

Boston Private Wealth LLC decreased its stake in Zoom Video Communications, Inc. (NASDAQ:ZM) by 13.2% in the third quarter, Holdings Channel reports. The institutional investor owned 809 shares of the company’s stock after selling 123 shares during the quarter. Boston Private Wealth LLC’s holdings in Zoom Video Communications were worth $212,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ZM. Herold Advisors Inc. bought a new stake in shares of Zoom Video Communications in the 3rd quarter valued at approximately $26,000. MUFG Americas Holdings Corp acquired a new position in shares of Zoom Video Communications during the 3rd quarter worth $26,000. Canton Hathaway LLC bought a new position in shares of Zoom Video Communications during the 3rd quarter valued at $30,000. Moors & Cabot Inc. boosted its holdings in Zoom Video Communications by 2,743.1% in the third quarter. Moors & Cabot Inc. now owns 29,000 shares of the company’s stock worth $30,000 after purchasing an additional 27,980 shares in the last quarter. Finally, Clearstead Advisors LLC increased its position in Zoom Video Communications by 213.3% during the second quarter. Clearstead Advisors LLC now owns 94 shares of the company’s stock worth $36,000 after buying an additional 64 shares during the last quarter. 48.80% of the stock is owned by institutional investors.

In related news, CFO Kelly Steckelberg sold 6,700 shares of the company’s stock in a transaction on Monday, January 10th. The shares were sold at an average price of $168.64, for a total value of $1,129,888.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 15,625 shares of Zoom Video Communications stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $260.32, for a total value of $4,067,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,059 shares of company stock valued at $17,956,136. 12.27% of the stock is owned by corporate insiders.

Shares of Zoom Video Communications stock opened at $159.72 on Friday. Zoom Video Communications, Inc. has a 52 week low of $156.88 and a 52 week high of $451.77. The stock has a market capitalization of $47.60 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 2.59 and a beta of -1.24. The firm has a fifty day moving average of $203.31 and a two-hundred day moving average of $280.09.

Zoom Video Communications (NASDAQ:ZM) last issued its earnings results on Monday, November 22nd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Zoom Video Communications had a return on equity of 24.22% and a net margin of 29.28%. The company’s revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. On average, research analysts forecast that Zoom Video Communications, Inc. will post 3.39 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on ZM shares. Evercore ISI cut their price objective on Zoom Video Communications from $255.00 to $235.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 23rd. JPMorgan Chase & Co. raised Zoom Video Communications from a “neutral” rating to an “overweight” rating and set a $385.00 price target on the stock in a research report on Friday, October 22nd. The Goldman Sachs Group started coverage on shares of Zoom Video Communications in a report on Thursday, December 16th. They issued a “neutral” rating and a $200.00 price target for the company. Barclays reiterated an “equal weight” rating and issued a $270.00 price objective on shares of Zoom Video Communications in a research report on Monday, November 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research note on Friday, October 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $306.37.

Zoom Video Communications Profile

Zoom Video Communications, Inc engages in the provision of video-first communications platform. The firm offers meetings, chat, rooms and workspaces, phone systems, video webinars, marketplace, and developer platform products. It serves the education, finance, government, and healthcare industries. Its platform helps people to connect through voice, chat, content sharing, and face-to-face video experiences.

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Institutional Ownership by Quarter for Zoom Video Communications (NASDAQ:ZM)

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