Creative Planning raised its position in shares of Zoom Video Communications, Inc. (NASDAQ:ZM – Free Report) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,281 shares of the company’s stock after purchasing an additional 442 shares during the quarter. Creative Planning’s holdings in Zoom Video Communications were worth $1,784,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. boosted its stake in shares of Zoom Video Communications by 4.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,479 shares of the company’s stock worth $304,000 after acquiring an additional 172 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Zoom Video Communications by 90,648.4% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,660,888 shares of the company’s stock worth $384,261,000 after acquiring an additional 5,654,650 shares in the last quarter. Polianta Ltd bought a new stake in shares of Zoom Video Communications during the 2nd quarter worth $950,000. Grimes & Company Inc. bought a new stake in shares of Zoom Video Communications during the 2nd quarter worth $10,420,000. Finally, Avitas Wealth Management LLC bought a new stake in shares of Zoom Video Communications during the 2nd quarter worth $278,000. 54.85% of the stock is owned by institutional investors.
Insider Activity
In other news, COO Aparna Bawa sold 13,268 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $69.36, for a total value of $920,268.48. Following the sale, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at $137,194.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Aparna Bawa sold 13,268 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $69.36, for a total value of $920,268.48. Following the sale, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at $137,194.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric S. Yuan sold 13,253 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $70.44, for a total value of $933,541.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,317 shares of company stock valued at $8,657,974. 11.28% of the stock is owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Zoom Video Communications
Zoom Video Communications Price Performance
Zoom Video Communications stock opened at $64.82 on Thursday. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 147.32, a PEG ratio of 1.11 and a beta of -0.19. Zoom Video Communications, Inc. has a one year low of $60.45 and a one year high of $89.67. The company’s fifty day moving average price is $68.61 and its two-hundred day moving average price is $68.20.
Zoom Video Communications (NASDAQ:ZM – Get Free Report) last posted its earnings results on Monday, August 21st. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.06 by $0.28. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Zoom Video Communications had a net margin of 3.17% and a return on equity of 3.51%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, sell-side analysts anticipate that Zoom Video Communications, Inc. will post 1.77 earnings per share for the current year.
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.
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