Zoom Communications, Inc. $ZM Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 95.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 678 shares of the company’s stock after selling 12,828 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Zoom Communications were worth $56,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Zoom Communications by 0.6% in the second quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company’s stock worth $1,945,713,000 after acquiring an additional 154,783 shares during the period. State Street Corp boosted its holdings in Zoom Communications by 6.0% in the second quarter. State Street Corp now owns 7,189,501 shares of the company’s stock valued at $560,637,000 after purchasing an additional 410,051 shares during the last quarter. Norges Bank acquired a new stake in Zoom Communications during the 2nd quarter worth about $539,998,000. Geode Capital Management LLC raised its stake in shares of Zoom Communications by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock valued at $373,504,000 after buying an additional 23,910 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Zoom Communications by 41.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock valued at $293,909,000 after buying an additional 1,097,333 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley raised their target price on Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Zacks Research lowered Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. BTIG Research assumed coverage on shares of Zoom Communications in a research note on Tuesday, December 16th. They set a “buy” rating and a $105.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $87.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Fourteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Zoom Communications presently has an average rating of “Hold” and a consensus price target of $94.74.

Zoom Communications Stock Down 0.7%

ZM opened at $90.29 on Friday. The firm’s fifty day simple moving average is $88.31 and its two-hundred day simple moving average is $84.04. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 8.14 and a beta of 0.90.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 earnings per share. 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 forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Buying and Selling at Zoom Communications

In related news, CEO Eric S. Yuan sold 73,378 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $87.29, for a total transaction of $6,405,165.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michelle Chang sold 8,417 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $86.54, for a total value of $728,407.18. Following the completion of the transaction, the chief financial officer owned 25,482 shares in the company, valued at $2,205,212.28. The trade was a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 183,089 shares of company stock valued at $15,751,383. 11.51% of the stock is owned by insiders.

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.