Inspirion Wealth Advisors LLC Takes $201,000 Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Inspirion Wealth Advisors LLC acquired a new position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,500 shares of the company’s stock, valued at approximately $201,000.

Several other large investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in shares of Zoom Video Communications during the third quarter valued at about $37,000. Allworth Financial LP increased its holdings in Zoom Video Communications by 43.8% during the 3rd quarter. Allworth Financial LP now owns 591 shares of the company’s stock worth $41,000 after acquiring an additional 180 shares during the period. Venturi Wealth Management LLC lifted its stake in Zoom Video Communications by 56.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 763 shares of the company’s stock worth $53,000 after purchasing an additional 274 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Zoom Video Communications by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock valued at $63,000 after purchasing an additional 164 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Zoom Video Communications by 10,763.6% during the 3rd quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock valued at $83,000 after purchasing an additional 1,184 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

ZM opened at $79.44 on Friday. The stock’s 50 day simple moving average is $83.06 and its 200 day simple moving average is $71.45. The firm has a market cap of $24.35 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 4.97 and a beta of -0.01. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80.

Insider Activity

In related news, Director Jonathan Chadwick sold 12,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $75.04, for a total transaction of $938,000.00. Following the transaction, the director now owns 1,514 shares in the company, valued at $113,610.56. The trade was a 89.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric S. Yuan sold 178,571 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 500,703 shares of company stock valued at $39,257,035. 10.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Mizuho increased their price objective on Zoom Video Communications from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Bank of America lifted their price target on Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Rosenblatt Securities reissued a “buy” rating and set a $78.00 price objective on shares of Zoom Video Communications in a report on Friday, November 22nd. Jefferies Financial Group raised shares of Zoom Video Communications from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $100.00 in a research note on Thursday, December 19th. Finally, JMP Securities reissued a “market perform” rating on shares of Zoom Video Communications in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zoom Video Communications presently has an average rating of “Hold” and an average price target of $87.81.

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.