National Pension Service Buys 56,696 Shares of Zoom Communications, Inc. $ZM

National Pension Service lifted its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 8.4% during the 4th quarter, Holdings Channel reports. The firm owned 733,004 shares of the company’s stock after acquiring an additional 56,696 shares during the period. National Pension Service’s holdings in Zoom Communications were worth $63,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its stake in shares of Zoom Communications by 86.0% in the 4th quarter. Rothschild Investment LLC now owns 9,680 shares of the company’s stock valued at $835,000 after purchasing an additional 4,475 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Zoom Communications in the 4th quarter valued at about $13,312,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Zoom Communications by 173.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 16,485 shares of the company’s stock valued at $1,422,000 after purchasing an additional 10,447 shares during the period. Baker Avenue Asset Management LP increased its position in shares of Zoom Communications by 10.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 43,335 shares of the company’s stock valued at $3,739,000 after acquiring an additional 4,154 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after acquiring an additional 152,862 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Insider Activity at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,645 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the sale, the insider owned 141,971 shares in the company, valued at $12,130,002.24. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $106.58, for a total value of $562,102.92. Following the sale, the director owned 142,882 shares of the company’s stock, valued at approximately $15,228,363.56. This represents a 3.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 144,329 shares of company stock valued at $12,364,989. Insiders own 11.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZM shares. BTIG Research lifted their target price on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Argus raised Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Morgan Stanley lifted their target price on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Citigroup lifted their target price on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein lowered their target price on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.15.

Zoom Communications Stock Up 1.1%

ZM opened at $101.59 on Friday. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $113.73. The stock has a market cap of $29.94 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 5.81 and a beta of 1.00. The business has a 50 day moving average of $91.36 and a 200-day moving average of $87.35.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm posted $1.43 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. 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 expect that Zoom Communications, Inc. will post 3.96 earnings per share for the current year.

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.