Wynn Capital LLC Makes New Investment in Zoom Video Communications, Inc. (NASDAQ:ZM)

Wynn Capital LLC acquired a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,597 shares of the company’s stock, valued at approximately $618,000.

Other large investors have also made changes to their positions in the company. AM Squared Ltd acquired a new position in Zoom Video Communications during the 3rd quarter worth $28,000. Allworth Financial LP grew its holdings in shares of Zoom Video Communications by 101.4% in the 3rd quarter. Allworth Financial LP now owns 560 shares of the company’s stock valued at $39,000 after acquiring an additional 282 shares in the last quarter. Rakuten Securities Inc. bought a new position in Zoom Video Communications during the fourth quarter worth about $43,000. GAMMA Investing LLC acquired a new stake in Zoom Video Communications during the fourth quarter worth approximately $48,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Zoom Video Communications by 134.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 704 shares of the company’s stock valued at $51,000 after buying an additional 404 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Video Communications Trading Up 0.0 %

ZM stock traded up $0.03 on Wednesday, hitting $61.65. The company’s stock had a trading volume of 3,214,578 shares, compared to its average volume of 3,332,360. The firm has a 50 day moving average of $64.68 and a two-hundred day moving average of $65.87. Zoom Video Communications, Inc. has a 1 year low of $58.87 and a 1 year high of $75.90. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 30.22 and a beta of -0.07.

Zoom Video Communications (NASDAQ:ZM) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.34. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Zoom Video Communications had a net margin of 14.08% and a return on equity of 9.68%. As a group, equities analysts forecast that Zoom Video Communications, Inc. will post 2.15 EPS for the current fiscal year.

Insider Transactions at Zoom Video Communications

In related news, COO Aparna Bawa sold 21,968 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $60.18, for a total value of $1,322,034.24. Following the sale, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at approximately $119,036.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Aparna Bawa sold 21,968 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $60.18, for a total transaction of $1,322,034.24. Following the transaction, the chief operating officer now directly owns 1,978 shares in the company, valued at approximately $119,036.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric S. Yuan sold 27,963 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $61.98, for a total transaction of $1,733,146.74. Following the completion of the transaction, the chief executive officer now owns 95,140 shares in the company, valued at approximately $5,896,777.20. The disclosure for this sale can be found here. Insiders have sold a total of 93,224 shares of company stock valued at $5,872,091 in the last ninety days. 11.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZM. Rosenblatt Securities raised shares of Zoom Video Communications from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. reduced their price objective on shares of Zoom Video Communications from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Mizuho dropped their price objective on shares of Zoom Video Communications from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. BNP Paribas cut shares of Zoom Video Communications from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research report on Thursday, January 18th. Finally, Jefferies Financial Group started coverage on shares of Zoom Video Communications in a research report on Tuesday, March 19th. They set a “hold” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Zoom Video Communications presently has an average rating of “Hold” and an average target price of $77.56.

Zoom Video Communications Company 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.