SYM FINANCIAL Corp Acquires 1,216 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

SYM FINANCIAL Corp lifted its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 36.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,577 shares of the company’s stock after buying an additional 1,216 shares during the quarter. SYM FINANCIAL Corp’s holdings in Zoom Video Communications were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ZM. Avior Wealth Management LLC lifted its holdings in Zoom Video Communications by 291.2% in the 4th quarter. Avior Wealth Management LLC now owns 356 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Zoom Video Communications during the third quarter valued at approximately $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Zoom Video Communications in the fourth quarter worth $39,000. Allworth Financial LP boosted its position in shares of Zoom Video Communications by 43.8% during the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after acquiring an additional 180 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Zoom Video Communications by 56.0% during the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after acquiring an additional 274 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Trading Down 0.4 %

NASDAQ:ZM opened at $86.94 on Friday. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 5.49 and a beta of -0.01. Zoom Video Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The stock has a fifty day simple moving average of $83.08 and a 200-day simple moving average of $73.38.

Insider Buying and Selling

In other Zoom Video Communications news, CEO Eric S. Yuan sold 178,571 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $76.91, for a total value of $13,733,895.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Chadwick sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total value of $2,008,250.00. Following the transaction, the director now owns 1,514 shares in the company, valued at approximately $121,619.62. This represents a 94.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 477,481 shares of company stock valued at $37,774,948 in the last 90 days. Company insiders own 10.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZM. Hsbc Global Res upgraded shares of Zoom Video Communications to a “strong-buy” rating in a research note 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 research report on Wednesday, December 18th. Sanford C. Bernstein raised their price target on Zoom Video Communications from $78.00 to $89.00 and gave the company a “market perform” rating in a report on Tuesday, November 26th. Bank of America upped their price objective on Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company raised shares of 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 report on Tuesday, January 7th. Sixteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.10.

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.