Quantinno Capital Management LP Decreases Position in Zoom Communications, Inc. $ZM

Quantinno Capital Management LP decreased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 9.6% in the first quarter, Holdings Channel reports. The firm owned 1,038,312 shares of the company’s stock after selling 109,965 shares during the period. Quantinno Capital Management LP’s holdings in Zoom Communications were worth $83,470,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ZM shares. BTIG Research upped their price objective 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. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Robert W. Baird boosted their target price on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Tuesday, June 30th. Finally, Benchmark raised their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Insider Buying and Selling

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of Zoom Communications stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the completion of the sale, the director directly owned 137,608 shares in the company, valued at approximately $15,106,606.24. The trade was a 3.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $106.60, for a total transaction of $1,289,860.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 48,517 shares of company stock worth $5,061,783. 8.83% of the stock is owned by company insiders.

Zoom Communications Stock Performance

Zoom Communications stock opened at $91.48 on Wednesday. The business’s 50-day simple moving average is $93.03 and its two-hundred day simple moving average is $89.08. The company has a market cap of $26.82 billion, a PE ratio of 13.43, a PEG ratio of 4.89 and a beta of 1.01. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74.

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

Zoom Communications 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.