Silver Lake Advisory LLC Buys 4,745 Shares of Zoom Video Communications, Inc. (NASDAQ:ZM)

Silver Lake Advisory LLC increased its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,325 shares of the company’s stock after acquiring an additional 4,745 shares during the quarter. Zoom Video Communications comprises approximately 1.4% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 28th biggest holding. Silver Lake Advisory LLC’s holdings in Zoom Video Communications were worth $3,291,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. boosted its holdings in shares of Zoom Video Communications by 1.9% in the third quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock valued at $497,000 after buying an additional 131 shares during the period. MML Investors Services LLC lifted its position in Zoom Video Communications by 1.4% in the 3rd quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock valued at $655,000 after acquiring an additional 132 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Zoom Video Communications by 1.9% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock worth $556,000 after purchasing an additional 145 shares during the period. MetLife Investment Management LLC increased its holdings in Zoom Video Communications by 3.4% during the 3rd quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock worth $322,000 after purchasing an additional 154 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of 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. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In other Zoom Video Communications news, insider Velchamy Sankarlingam sold 3,618 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 107,826 shares in the company, valued at $9,158,740.44. The trade was a 3.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Chadwick sold 12,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $75.04, for a total value of $938,000.00. Following the completion of the sale, the director now directly owns 1,514 shares in the company, valued at approximately $113,610.56. This represents a 89.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 489,981 shares of company stock valued at $38,712,948. 10.78% of the stock is owned by company insiders.

Zoom Video Communications Stock Performance

Shares of ZM opened at $80.01 on Friday. The firm’s 50-day simple moving average is $82.56 and its 200 day simple moving average is $72.15. The firm has a market cap of $24.52 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 4.99 and a beta of -0.01. Zoom Video Communications, Inc. has a 52 week low of $55.06 and a 52 week high of $92.80.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZM. Hsbc Global Res upgraded Zoom Video Communications to a “strong-buy” rating in a report on Tuesday, November 26th. Rosenblatt Securities reissued a “buy” rating and issued a $78.00 price objective on shares of Zoom Video Communications in a research report on Friday, November 22nd. Evercore ISI raised shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and raised their target price for the company from $70.00 to $115.00 in a research report on Tuesday, November 26th. Bank of America boosted their price target on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Barclays raised their price objective on Zoom Video Communications from $70.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Sixteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $89.10.

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.