Aberdeen Group plc Increases Stake in Zoom Communications, Inc. $ZM

Aberdeen Group plc lifted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,468 shares of the company’s stock after acquiring an additional 22,865 shares during the period. Aberdeen Group plc’s holdings in Zoom Communications were worth $21,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Zoom Communications in the second quarter worth $539,998,000. Acadian Asset Management LLC increased its holdings in Zoom Communications by 41.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after buying an additional 1,097,333 shares in the last quarter. Pacer Advisors Inc. raised its position in Zoom Communications by 54.4% in the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock worth $222,353,000 after buying an additional 949,829 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Zoom Communications during the 3rd quarter valued at about $63,357,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Zoom Communications by 168.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,025,274 shares of the company’s stock valued at $84,585,000 after acquiring an additional 643,074 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Insider Activity at Zoom Communications

In related news, COO Aparna Bawa sold 12,137 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $81.37, for a total value of $987,587.69. Following the completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at $160,949.86. This trade represents a 85.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Velchamy Sankarlingam sold 7,568 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.55, for a total transaction of $655,010.40. Following the transaction, the insider owned 136,182 shares in the company, valued at $11,786,552.10. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 183,089 shares of company stock valued at $15,751,383 over the last ninety days. 10.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ZM has been the topic of a number of research analyst reports. BTIG Research began coverage on shares of Zoom Communications in a research report on Tuesday, December 16th. They set a “buy” rating and a $105.00 price objective on the stock. Zacks Research raised Zoom Communications from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Sanford C. Bernstein restated a “market perform” rating and issued a $90.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Wall Street Zen cut Zoom Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Jefferies Financial Group increased their target price on Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.74.

Zoom Communications Trading Down 4.3%

NASDAQ:ZM opened at $88.65 on Wednesday. The stock has a 50-day moving average price of $88.22 and a 200 day moving average price of $83.81. The stock has a market capitalization of $26.25 billion, a P/E ratio of 17.25, a P/E/G ratio of 8.29 and a beta of 0.90. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $97.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. Zoom Communications’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 EPS. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, research analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

About Zoom Communications

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.