Oxbow Advisors LLC Acquires New Stake in Zoom Communications, Inc. $ZM

Oxbow Advisors LLC acquired a new stake in Zoom Communications, Inc. (NASDAQ:ZM) during the fourth quarter, Holdings Channel reports. The fund acquired 38,343 shares of the company’s stock, valued at approximately $3,309,000.

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

Zoom Communications Price Performance

Zoom Communications stock opened at $109.21 on Friday. The firm has a 50 day simple moving average of $83.24 and a 200-day simple moving average of $85.37. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $109.50. The stock has a market cap of $32.18 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 6.25 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $1.41 EPS. The firm’s quarterly revenue 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. Equities analysts expect that Zoom Communications, Inc. will post 3.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZM. BTIG Research lowered their target price on Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Argus upgraded Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $94.00 to $106.00 in a research note on Monday, January 12th. Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Zacks Research downgraded Zoom Communications from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $95.32.

Insider Activity at Zoom Communications

In other Zoom Communications news, COO Aparna Bawa sold 12,886 shares of Zoom Communications stock in a transaction on Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the sale, the chief operating officer owned 1,978 shares in the company, valued at $173,312.36. The trade was a 86.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $106.60, for a total value of $1,289,860.00. 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. Insiders have sold 144,329 shares of company stock valued at $12,364,989 over the last 90 days. Corporate insiders own 11.51% 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.