Zoom Communications, Inc. $ZM Shares Bought by Tredje AP fonden

Tredje AP fonden raised its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,039 shares of the company’s stock after acquiring an additional 1,790 shares during the period. Tredje AP fonden’s holdings in Zoom Communications were worth $1,719,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ZM. Robeco Institutional Asset Management B.V. boosted its holdings in Zoom Communications by 63.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock worth $166,651,000 after buying an additional 830,393 shares in the last quarter. Victory Capital Management Inc. increased its stake in Zoom Communications by 119.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company’s stock worth $103,670,000 after buying an additional 765,092 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Zoom Communications by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock worth $1,829,249,000 after purchasing an additional 624,863 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Zoom Communications during the first quarter worth $37,646,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Zoom Communications in the 2nd quarter valued at about $38,163,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ZM. William Blair restated an “outperform” rating on shares of Zoom Communications in a research report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Zoom Communications in a research note on Tuesday, October 14th. Dbs Bank upgraded shares of Zoom Communications to a “moderate buy” rating in a report on Tuesday, September 16th. Citigroup lifted their price objective on Zoom Communications from $84.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Finally, Wells Fargo & Company began coverage on shares of Zoom Communications in a research note on Tuesday, September 30th. They set an “equal weight” rating and a $90.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Hold” and a consensus price target of $91.74.

Zoom Communications Stock Up 3.4%

Shares of Zoom Communications stock opened at $87.23 on Monday. The firm has a market cap of $26.39 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 11.90 and a beta of 0.79. The company’s 50-day simple moving average is $82.72 and its 200-day simple moving average is $78.91. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 73,383 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $82.65, for a total value of $6,065,104.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $79.77, for a total value of $839,818.56. Following the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at $157,785.06. This represents a 84.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 245,617 shares of company stock valued at $20,154,365 in the last three months. 10.78% of the stock is owned by company insiders.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.