Ameritas Advisory Services LLC Has $1.05 Million Stock Holdings in Zoom Communications, Inc. $ZM

Ameritas Advisory Services LLC trimmed its position in Zoom Communications, Inc. (NASDAQ:ZMFree Report) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,506 shares of the company’s stock after selling 187 shares during the period. Ameritas Advisory Services LLC’s holdings in Zoom Communications were worth $1,053,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. ASR Vermogensbeheer N.V. raised its position in shares of Zoom Communications by 8.2% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 7,532 shares of the company’s stock valued at $587,000 after acquiring an additional 572 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Zoom Communications by 63.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock worth $166,651,000 after buying an additional 830,393 shares during the period. Truist Financial Corp raised its holdings in Zoom Communications by 20.0% during the 2nd quarter. Truist Financial Corp now owns 7,150 shares of the company’s stock worth $558,000 after buying an additional 1,192 shares during the period. Donald L. Hagan LLC raised its holdings in Zoom Communications by 92.9% during the 2nd quarter. Donald L. Hagan LLC now owns 18,529 shares of the company’s stock worth $1,445,000 after buying an additional 8,925 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Zoom Communications during the 2nd quarter worth approximately $88,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zoom Communications

In related news, CEO Eric S. Yuan sold 33,691 shares of the firm’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $74.79, for a total value of $2,519,749.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Velchamy Sankarlingam sold 7,661 shares of the firm’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $77.50, for a total transaction of $593,727.50. Following the completion of the transaction, the insider directly owned 129,377 shares of the company’s stock, valued at $10,026,717.50. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,925 shares of company stock worth $6,680,119. 11.51% of the stock is currently owned by corporate insiders.

Zoom Communications Stock Down 1.6%

Shares of ZM opened at $80.96 on Friday. The stock has a market capitalization of $24.49 billion, a P/E ratio of 21.36, a P/E/G ratio of 11.18 and a beta of 0.78. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80. The company has a 50 day moving average of $79.10 and a 200-day moving average of $77.55.

Wall Street Analysts Forecast Growth

ZM has been the topic of several research analyst reports. KeyCorp dropped their target price on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a report on Friday, August 22nd. Wall Street Zen upgraded shares of Zoom Communications from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 28th. Weiss Ratings restated a “hold (c)” rating on shares of Zoom Communications in a report on Saturday, September 27th. Cantor Fitzgerald restated a “neutral” rating and set a $87.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $100.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $91.74.

Check Out Our Latest Stock Analysis on ZM

Zoom Communications Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Zoom Communications (NASDAQ:ZM)

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