United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases Shares of 154,272 Zoom Communications, Inc. $ZM

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 154,272 shares of the company’s stock, valued at approximately $13,312,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Zoom Communications by 10.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock valued at $19,697,000 after buying an additional 22,704 shares in the last quarter. Strive Asset Management LLC purchased a new stake in Zoom Communications during the third quarter valued at about $1,238,000. LSV Asset Management lifted its stake in Zoom Communications by 5.0% during the third quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock valued at $88,229,000 after buying an additional 50,579 shares in the last quarter. Krilogy Financial LLC purchased a new stake in Zoom Communications during the third quarter valued at about $1,963,000. Finally, Sherry Group Inc. purchased a new stake in Zoom Communications during the fourth quarter valued at about $894,000. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Up 0.5%

Shares of Zoom Communications stock opened at $100.46 on Friday. The stock has a market capitalization of $29.60 billion, a P/E ratio of 14.75, a PEG ratio of 5.72 and a beta of 1.00. The stock has a 50 day moving average price of $90.85 and a two-hundred day moving average price of $87.25. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $113.73.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. 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. Sell-side analysts anticipate that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

Insider Activity

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $81.32, for a total transaction of $690,325.48. Following the completion of the sale, the chief financial officer owned 30,467 shares of the company’s stock, valued at $2,477,576.44. This represents a 21.79% decrease in their ownership of the stock. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total value of $653,188.80. Following the completion of the sale, the insider directly owned 141,971 shares of the company’s stock, valued at $12,130,002.24. This represents a 5.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 144,329 shares of company stock valued at $12,364,989. Insiders own 11.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ZM shares. Royal Bank Of Canada upped their price objective on shares of Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Piper Sandler upped their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Cantor Fitzgerald upped their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Morgan Stanley upped their target price on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, BTIG Research upped their target price on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Zoom Communications presently has an average rating of “Moderate Buy” and an average target price of $108.15.

Zoom Communications 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.