Mediolanum International Funds Ltd Sells 24,038 Shares of Zoom Communications, Inc. $ZM

Mediolanum International Funds Ltd decreased its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 15.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 132,337 shares of the company’s stock after selling 24,038 shares during the period. Mediolanum International Funds Ltd’s holdings in Zoom Communications were worth $10,412,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Advocate Investing Services LLC acquired a new position in shares of Zoom Communications during the 4th quarter worth about $26,000. Strive Financial Group LLC bought a new stake in shares of Zoom Communications in the 4th quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Zoom Communications in the 4th quarter valued at approximately $28,000. Rexford Capital Inc. raised its position in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after acquiring an additional 122 shares during the period. Finally, Sound Income Strategies LLC raised its position in shares of Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Performance

NASDAQ ZM opened at $91.13 on Monday. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 4.86 and a beta of 1.01. The business has a 50 day simple moving average of $94.75 and a 200 day simple moving average of $88.93. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, analysts predict that Zoom Communications, Inc. will post 4.23 EPS for the current year.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Piper Sandler increased their target price on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. HSBC lifted their price target on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. BTIG Research boosted their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Cantor Fitzgerald upped their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Zoom Communications presently has an average rating of “Moderate Buy” and an average target price of $109.33.

Insider Buying and Selling

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.60, for a total value of $1,289,860.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the completion of the sale, the chief financial officer owned 35,452 shares in the company, valued at approximately $3,219,041.60. This trade represents a 19.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 48,517 shares of company stock valued at $5,061,783. Company insiders own 8.83% of the company’s stock.

Zoom Communications Company Profile

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.