Global Retirement Partners LLC Has $468,000 Stock Holdings in Zoom Communications, Inc. $ZM

Global Retirement Partners LLC lifted its position in Zoom Communications, Inc. (NASDAQ:ZM) by 1,439.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,418 shares of the company’s stock after acquiring an additional 5,066 shares during the period. Global Retirement Partners LLC’s holdings in Zoom Communications were worth $468,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ZM. NewEdge Advisors LLC raised its position in shares of Zoom Communications by 16.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after acquiring an additional 1,153 shares during the period. Intech Investment Management LLC raised its position in shares of Zoom Communications by 59.1% in the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after acquiring an additional 6,235 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Zoom Communications by 82.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after acquiring an additional 397 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Zoom Communications in the 2nd quarter valued at approximately $217,000. Finally, Invesco Ltd. raised its position in shares of Zoom Communications by 7.0% in the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after acquiring an additional 47,749 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZM shares. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. Morgan Stanley increased their price target on shares of 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 increased their price target on shares of Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp upgraded shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Finally, Benchmark increased their price target on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Fourteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Zoom Communications currently has an average rating of “Moderate Buy” and an average price target of $108.15.

Insider Buying and Selling at Zoom Communications

In related news, COO Aparna Bawa sold 12,886 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. This represents a 86.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $81.32, for a total value of $690,325.48. Following the sale, the chief financial officer directly owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. The trade was a 21.79% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 144,329 shares of company stock worth $12,364,989 in the last quarter. Company insiders own 11.51% of the company’s stock.

Zoom Communications Stock Performance

NASDAQ ZM opened at $100.46 on Friday. The business has a 50 day simple moving average of $90.85 and a 200 day simple moving average of $87.25. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $113.73. The stock has a market cap of $29.60 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 5.72 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last posted 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. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $1.43 EPS. Zoom Communications’s revenue for the quarter was up 5.5% compared to the same quarter last year. 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. On average, analysts predict that Zoom Communications, Inc. will post 3.94 EPS for the current 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.