Caz Investments LP Has $41,000 Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Caz Investments LP reduced its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 500 shares of the company’s stock after selling 500 shares during the quarter. Zoom Video Communications makes up about 0.1% of Caz Investments LP’s portfolio, making the stock its 24th largest position. Caz Investments LP’s holdings in Zoom Video Communications were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ZM. Norges Bank bought a new position in shares of Zoom Video Communications in the 4th quarter worth $751,908,000. Raymond James Financial Inc. bought a new position in Zoom Video Communications during the fourth quarter worth about $99,471,000. Contrarius Group Holdings Ltd acquired a new position in shares of Zoom Video Communications during the 4th quarter worth about $72,854,000. Assenagon Asset Management S.A. increased its stake in shares of Zoom Video Communications by 126.8% in 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 acquiring an additional 699,625 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Zoom Video Communications by 202.8% in the 4th quarter. Nordea Investment Management AB now owns 779,051 shares of the company’s stock valued at $64,054,000 after acquiring an additional 521,778 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $77.86, for a total value of $192,703.50. Following the sale, the director now directly owns 169,452 shares of the company’s stock, valued at approximately $13,193,532.72. This represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Shane Crehan sold 1,412 shares of Zoom Video Communications stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $78.69, for a total value of $111,110.28. Following the transaction, the chief accounting officer now owns 5,404 shares of the company’s stock, valued at $425,240.76. The trade was a 20.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 371,746 shares of company stock valued at $29,689,595 in the last 90 days. 10.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of analyst reports. Rosenblatt Securities restated a “buy” rating and set a $95.00 price objective on shares of Zoom Video Communications in a report on Wednesday, March 19th. UBS Group lowered their price objective on shares of Zoom Video Communications from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Barclays dropped their price objective on Zoom Video Communications from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Citigroup decreased their target price on Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a report on Tuesday, February 25th. Fifteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $89.33.

Zoom Video Communications Stock Performance

NASDAQ:ZM opened at $74.84 on Friday. The stock’s 50-day simple moving average is $79.78 and its 200 day simple moving average is $78.15. Zoom Video Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80. The company has a market cap of $22.84 billion, a P/E ratio of 24.95, a P/E/G ratio of 5.48 and a beta of 0.26.

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.