Gulf International Bank UK Ltd Has $1.52 Million Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Gulf International Bank UK Ltd cut its holdings in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 18,684 shares of the company’s stock after selling 421 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Zoom Video Communications were worth $1,524,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ZM. FMR LLC boosted its position in Zoom Video Communications by 23.8% during the 3rd quarter. FMR LLC now owns 12,444,887 shares of the company’s stock worth $867,906,000 after acquiring an additional 2,395,396 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Zoom Video Communications during the 3rd quarter valued at about $62,038,000. Assenagon Asset Management S.A. lifted its holdings in shares of Zoom Video Communications by 126.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,251,302 shares of the company’s stock valued at $102,119,000 after buying an additional 699,625 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Zoom Video Communications by 202.8% during the 4th quarter. Nordea Investment Management AB now owns 779,051 shares of the company’s stock valued at $64,054,000 after buying an additional 521,778 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Zoom Video Communications by 48.1% during the 3rd quarter. Retirement Systems of Alabama now owns 903,797 shares of the company’s stock valued at $63,031,000 after buying an additional 293,375 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Video Communications Stock Up 1.1 %

Shares of NASDAQ ZM opened at $73.70 on Friday. The business’s 50 day moving average is $82.30 and its two-hundred day moving average is $76.90. The company has a market cap of $22.59 billion and a P/E ratio of 24.57. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80.

Analyst Upgrades and Downgrades

ZM has been the subject of several research reports. 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. Jefferies Financial Group upgraded Zoom Video Communications from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.00 to $100.00 in a report on Thursday, December 19th. Stifel Nicolaus reduced their price target on Zoom Video Communications from $90.00 to $85.00 and set a “hold” rating for the company in a report on Tuesday, February 25th. Rosenblatt Securities reiterated a “buy” rating and set a $95.00 price target on shares of Zoom Video Communications in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Zoom Video Communications in a report on Tuesday, November 26th. Fifteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.05.

Insiders Place Their Bets

In other news, COO Aparna Bawa sold 9,317 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $733,154.73. Following the sale, the chief operating officer now directly owns 14,053 shares in the company, valued at approximately $1,105,830.57. The trade was a 39.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric S. Yuan sold 83,333 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $83.50, for a total value of $6,958,305.50. The disclosure for this sale can be found here. Insiders have sold a total of 382,242 shares of company stock valued at $31,230,938 in the last three months. Company insiders own 10.78% of the company’s stock.

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.