Lane Generational LLC Has $6.57 Million Stock Position in Zoom Video Communications, Inc. (NASDAQ:ZM)

Lane Generational LLC trimmed its position in Zoom Video Communications, Inc. (NASDAQ:ZM) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 80,484 shares of the company’s stock after selling 241 shares during the quarter. Zoom Video Communications accounts for about 6.4% of Lane Generational LLC’s holdings, making the stock its 4th largest holding. Lane Generational LLC’s holdings in Zoom Video Communications were worth $6,568,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Adero Partners LLC lifted its stake in shares of Zoom Video Communications by 2.4% during the 4th quarter. Adero Partners LLC now owns 5,509 shares of the company’s stock valued at $450,000 after buying an additional 129 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in Zoom Video Communications by 1.9% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock worth $497,000 after purchasing an additional 131 shares in the last quarter. MML Investors Services LLC lifted its stake 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 worth $655,000 after purchasing an additional 132 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted 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 in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Zoom Video Communications by 3.4% in 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. 66.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ZM. Citigroup lowered their target price on shares of Zoom Video Communications from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Sanford C. Bernstein raised their price objective on shares of Zoom Video Communications from $78.00 to $89.00 and gave the company a “market perform” rating in a research report on Tuesday, November 26th. Hsbc Global Res upgraded shares of Zoom Video Communications to a “strong-buy” rating in a research report on Tuesday, November 26th. Evercore ISI upgraded shares of Zoom Video Communications from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $70.00 to $115.00 in a research report on Tuesday, November 26th. Finally, Benchmark restated a “buy” rating and set a $97.00 price objective on shares of Zoom Video Communications in a research report on Tuesday, February 25th. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Zoom Video Communications has a consensus rating of “Hold” and a consensus price target of $90.05.

Insider Buying and Selling at Zoom Video Communications

In other news, insider Velchamy Sankarlingam sold 10,817 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $78.69, for a total value of $851,189.73. Following the transaction, the insider now owns 117,760 shares in the company, valued at approximately $9,266,534.40. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Shane Crehan sold 1,412 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $78.69, for a total transaction of $111,110.28. Following the completion of the transaction, the chief accounting officer now owns 5,404 shares in the company, valued at approximately $425,240.76. This represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 369,271 shares of company stock worth $29,496,892. 10.78% of the stock is currently owned by company insiders.

Zoom Video Communications Trading Down 0.4 %

ZM stock opened at $73.15 on Wednesday. The firm’s 50-day moving average price is $80.95 and its two-hundred day moving average price is $77.67. Zoom Video Communications, Inc. has a 12-month low of $55.06 and a 12-month high of $92.80. The stock has a market capitalization of $22.42 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 5.48 and a beta of 0.26.

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.