Swiss Life Asset Management Ltd Acquires 31,752 Shares of Zoom Communications, Inc. $ZM

Swiss Life Asset Management Ltd boosted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 46.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 100,591 shares of the company’s stock after acquiring an additional 31,752 shares during the period. Swiss Life Asset Management Ltd’s holdings in Zoom Communications were worth $8,299,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Zoom Communications during the second quarter valued at about $539,998,000. AQR Capital Management LLC raised its holdings in shares of Zoom Communications by 23.4% in the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after acquiring an additional 1,607,253 shares during the last quarter. Two Sigma Investments LP bought a new position in Zoom Communications in the 3rd quarter valued at about $86,709,000. Vanguard Group Inc. lifted its position in Zoom Communications by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock valued at $2,139,852,000 after acquiring an additional 986,164 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Zoom Communications by 54.4% during the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock valued at $222,353,000 after purchasing an additional 949,829 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Benchmark decreased their price objective on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Zoom Communications in a research report on Friday, March 13th. KeyCorp upped their price target on Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Finally, Morgan Stanley increased their price target on Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $95.32.

Zoom Communications Stock Down 0.2%

Zoom Communications stock opened at $76.61 on Friday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $97.58. The company’s 50 day moving average price is $84.43 and its two-hundred day moving average price is $84.34. The stock has a market cap of $22.68 billion, a P/E ratio of 12.36, a P/E/G ratio of 4.39 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 earnings per share. 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. On average, equities 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, COO Aparna Bawa sold 12,137 shares of the company’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 transaction, the chief operating officer owned 1,978 shares in the company, valued at $160,949.86. This represents a 85.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total value of $191,614.50. Following the sale, the director directly owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. This represents a 1.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 109,706 shares of company stock worth $9,299,555. Company insiders own 11.51% of the company’s stock.

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.