Hara Capital LLC Has $503,000 Holdings in Zoom Video Communications, Inc. (NASDAQ:ZM)

Hara Capital LLC reduced its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,168 shares of the company’s stock after selling 717 shares during the quarter. Hara Capital LLC’s holdings in Zoom Video Communications were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC lifted its position in Zoom Video Communications by 23.8% in the 3rd quarter. FMR LLC now owns 12,444,887 shares of the company’s stock valued at $867,906,000 after acquiring an additional 2,395,396 shares in the last quarter. State Street Corp lifted its holdings in shares of Zoom Video Communications by 2.3% in the third quarter. State Street Corp now owns 6,106,293 shares of the company’s stock valued at $425,853,000 after purchasing an additional 134,559 shares in the last quarter. Pacer Advisors Inc. raised its position in Zoom Video Communications by 4.4% in the 3rd quarter. Pacer Advisors Inc. now owns 5,480,179 shares of the company’s stock valued at $382,188,000 after buying an additional 233,241 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Zoom Video Communications by 4.2% during the third quarter. Geode Capital Management LLC now owns 4,595,435 shares of the company’s stock worth $320,177,000 after purchasing an additional 184,518 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Zoom Video Communications by 9.8% in the 3rd quarter. Two Sigma Advisers LP now owns 1,448,700 shares of the company’s stock valued at $101,032,000 after acquiring an additional 128,800 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

ZM stock opened at $85.10 on Tuesday. The company has a 50 day simple moving average of $83.29 and a 200 day simple moving average of $75.41. The stock has a market cap of $26.08 billion and a price-to-earnings ratio of 28.37. Zoom Video Communications, Inc. has a 1 year low of $55.06 and a 1 year high of $92.80.

Insider Buying and Selling

In other news, CEO Eric S. Yuan sold 83,332 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $86.28, for a total value of $7,189,884.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Velchamy Sankarlingam sold 3,618 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $84.94, for a total transaction of $307,312.92. Following the completion of the sale, the insider now directly owns 107,826 shares in the company, valued at approximately $9,158,740.44. This represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 382,242 shares of company stock worth $31,230,938 in the last three months. 10.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on ZM shares. Wells Fargo & Company upgraded shares of Zoom Video Communications from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $70.00 to $85.00 in a research note on Tuesday, January 7th. Stifel Nicolaus lifted their target price on Zoom Video Communications from $70.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Needham & Company LLC restated a “hold” rating on shares of Zoom Video Communications in a research note on Friday, January 10th. Evercore ISI raised shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $70.00 to $115.00 in a research report on Tuesday, November 26th. Finally, Barclays lifted their target price on shares of Zoom Video Communications from $70.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $89.10.

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.