B. Metzler seel. Sohn & Co. Holding AG Invests $443,000 in Zoom Video Communications, Inc. (NASDAQ:ZM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,348 shares of the company’s stock, valued at approximately $443,000.

A number of other large investors have also added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in shares of Zoom Video Communications in the second quarter valued at $33,000. Allworth Financial LP lifted its holdings in Zoom Video Communications by 43.8% during the third quarter. Allworth Financial LP now owns 591 shares of the company’s stock valued at $41,000 after purchasing an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Zoom Video Communications during the second quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Zoom Video Communications in the second quarter worth about $41,000. Finally, Venturi Wealth Management LLC raised its position in shares of Zoom Video Communications by 56.0% in the third quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock valued at $53,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Stock Up 5.8 %

Shares of ZM stock opened at $85.88 on Monday. The business has a 50-day moving average price of $73.43 and a two-hundred day moving average price of $65.54. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $87.15. The firm has a market cap of $26.43 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 7.33 and a beta of -0.05.

Insider Buying and Selling

In related news, CEO Eric S. Yuan sold 178,571 shares of Zoom Video Communications stock in a transaction on Tuesday, November 5th. The shares were 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 SEC, which is accessible through this hyperlink. Also, insider Velchamy Sankarlingam sold 3,614 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $66.87, for a total transaction of $241,668.18. Following the sale, the insider now owns 94,000 shares of the company’s stock, valued at approximately $6,285,780. The trade was a 3.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 367,108 shares of company stock worth $26,796,191 in the last quarter. 10.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ZM has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zoom Video Communications in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Zoom Video Communications in a report on Thursday, October 10th. Bank of America reduced their target price on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Finally, Stifel Nicolaus increased their price target on shares of Zoom Video Communications from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.61.

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.