Vanguard Group Inc. Boosts Stock Holdings in Zoom Communications, Inc. $ZM

Vanguard Group Inc. raised its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,967,224 shares of the company’s stock after acquiring an additional 1,029,623 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Zoom Communications worth $2,327,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ZM. NewEdge Advisors LLC increased its position in shares of Zoom Communications by 16.8% during the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after purchasing an additional 1,153 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Zoom Communications by 59.1% in the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after purchasing an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Zoom Communications by 82.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after purchasing an additional 397 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Zoom Communications during the 2nd quarter worth $217,000. Finally, Invesco Ltd. boosted its stake in Zoom Communications by 7.0% during the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after purchasing an additional 47,749 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insiders Place Their Bets

In related news, insider Velchamy Sankarlingam sold 7,645 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the transaction, the insider directly owned 141,971 shares in the company, valued at approximately $12,130,002.24. This represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 15,273 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $82.23, for a total value of $1,255,898.79. Following the completion of the transaction, the chief executive officer owned 36,796 shares of the company’s stock, valued at $3,025,735.08. The trade was a 29.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 138,887 shares of company stock worth $11,590,330. 10.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ZM shares. Wall Street Zen cut shares of Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup upgraded shares of Zoom Communications from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $94.00 to $106.00 in a research report on Monday, January 12th. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Piper Sandler increased their price objective on shares of Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $115.00 target price on shares of Zoom Communications in a research note on Thursday, February 26th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Hold” and an average target price of $95.32.

Zoom Communications Stock Up 5.1%

NASDAQ ZM opened at $95.76 on Thursday. The business’s fifty day simple moving average is $81.94 and its 200-day simple moving average is $84.62. The firm has a market cap of $28.22 billion, a PE ratio of 15.45, a P/E/G ratio of 5.20 and a beta of 0.88. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $97.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted $1.41 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Research analysts expect that Zoom Communications, Inc. will post 3.94 EPS for the current year.

About Zoom Communications

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.