Zoom Communications, Inc. $ZM Shares Acquired by First Trust Advisors LP

First Trust Advisors LP grew its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 2.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,362,501 shares of the company’s stock after buying an additional 36,657 shares during the period. First Trust Advisors LP’s holdings in Zoom Communications were worth $109,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank acquired a new stake in Zoom Communications in the 4th quarter valued at about $509,788,000. AQR Capital Management LLC boosted its holdings in shares of Zoom Communications by 43.9% during the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Zoom Communications during the 3rd quarter worth approximately $86,709,000. Vanguard Group Inc. grew its position in shares of Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Zoom Communications by 46.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock valued at $218,282,000 after purchasing an additional 836,594 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on ZM shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price objective on shares of Zoom Communications in a research report on Tuesday, June 30th. Cantor Fitzgerald upped their target price on Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, May 20th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a report on Thursday, July 2nd. Finally, KeyCorp upgraded Zoom Communications from an “underweight” rating to a “sector weight” rating in a report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Stock Down 2.0%

Shares of Zoom Communications stock opened at $84.11 on Friday. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The business’s fifty day simple moving average is $93.55 and its 200-day simple moving average is $88.99. The firm has a market cap of $24.66 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 4.60 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. 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. As a group, equities analysts expect that Zoom Communications, Inc. will post 4.21 earnings per share for the current year.

Insiders Place Their Bets

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the sale, the chief financial officer directly owned 35,452 shares in the company, valued at $3,219,041.60. This trade represents a 19.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, Director Santiago Subotovsky sold 5,274 shares of Zoom Communications stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the sale, the director owned 137,608 shares of the company’s stock, valued at approximately $15,106,606.24. This represents a 3.69% 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. Insiders sold a total of 48,517 shares of company stock valued at $5,061,783 over the last 90 days. 8.83% of the stock is owned by company insiders.

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.