First Trust Advisors LP Increases Stake in Zoom Communications, Inc. $ZM

First Trust Advisors LP grew its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,533,112 shares of the company’s stock after purchasing an additional 118,751 shares during the quarter. First Trust Advisors LP owned approximately 0.51% of Zoom Communications worth $119,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. SouthState Corp bought a new stake in Zoom Communications during the 1st quarter valued at $25,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Zoom Communications in the second quarter valued at about $27,000. REAP Financial Group LLC raised its stake in shares of Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after acquiring an additional 229 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Zoom Communications during the first quarter worth about $31,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Zoom Communications in the second quarter worth about $31,000. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $87.65 on Friday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $91.04. The firm has a 50-day moving average of $82.77 and a 200 day moving average of $79.85. The stock has a market cap of $25.95 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 7.85 and a beta of 0.81.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $1.38 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. Research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Wedbush restated an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. JPMorgan Chase & Co. lifted their price target on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. William Blair restated an “outperform” rating on shares of Zoom Communications in a report on Tuesday, September 30th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $90.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $92.43.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,660 shares of the business’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the sale, the insider directly owned 132,795 shares of the company’s stock, valued at approximately $10,889,190. The trade was a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Aparna Bawa sold 10,528 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $157,785.06. This represents a 84.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 386,898 shares of company stock valued at $32,105,164 in the last ninety days. Corporate insiders own 11.51% of the company’s stock.

About Zoom 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.