Machina Capital S.A.S. Sells 5,091 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Machina Capital S.A.S. decreased its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 60.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,393 shares of the company’s stock after selling 5,091 shares during the quarter. Machina Capital S.A.S.’s holdings in Zoom Video Communications were worth $277,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Adero Partners LLC lifted its holdings in Zoom Video Communications by 2.4% in the 4th quarter. Adero Partners LLC now owns 5,509 shares of the company’s stock worth $450,000 after purchasing an additional 129 shares during the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Zoom Video Communications by 1.9% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock worth $497,000 after purchasing an additional 131 shares during the last quarter. MML Investors Services LLC lifted its holdings in Zoom Video Communications by 1.4% in the 3rd quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock worth $655,000 after purchasing an additional 132 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Zoom Video Communications by 1.9% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock worth $556,000 after purchasing an additional 145 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Zoom Video Communications by 3.4% in the 3rd quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock worth $322,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Activity at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 3,618 shares of Zoom Video Communications stock in a transaction on Tuesday, December 10th. The stock was 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 approximately $9,158,740.44. This trade represents a 3.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric S. Yuan sold 75,531 shares of Zoom Video Communications stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.98, for a total value of $5,663,314.38. The disclosure for this sale can be found here. Insiders sold 374,440 shares of company stock valued at $29,935,946 over the last ninety days. 10.78% of the stock is owned by insiders.

Zoom Video Communications Price Performance

ZM stock opened at $75.98 on Monday. The stock has a market capitalization of $23.29 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 5.48 and a beta of 0.26. The business has a fifty day moving average price of $81.31 and a 200 day moving average price of $77.61. Zoom Video Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ZM shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $87.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. Barclays cut their price target on Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Piper Sandler upped their price target on Zoom Video Communications from $68.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Citigroup cut their price target on Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Evercore ISI upgraded Zoom Video Communications from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $70.00 to $115.00 in a report on Tuesday, November 26th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.