Erste Asset Management GmbH Buys New Holdings in Zoom Communications, Inc. $ZM

Erste Asset Management GmbH bought a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,295 shares of the company’s stock, valued at approximately $543,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Zoom Communications by 10.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock valued at $19,697,000 after purchasing an additional 22,704 shares during the period. Strive Asset Management LLC bought a new stake in Zoom Communications during the 3rd quarter valued at approximately $1,238,000. LSV Asset Management raised its stake in Zoom Communications by 5.0% during the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock valued at $88,229,000 after purchasing an additional 50,579 shares during the period. Krilogy Financial LLC bought a new stake in Zoom Communications during the 3rd quarter valued at approximately $1,963,000. Finally, Sherry Group Inc. purchased a new position in Zoom Communications during the 4th quarter valued at approximately $894,000. Institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Piper Sandler raised their price target on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings upgraded Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Benchmark raised their price target on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Cantor Fitzgerald raised their price target on Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 7,645 shares of the firm’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 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 trade represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 156,638 shares of company stock valued at $13,900,194 over the last quarter. Company insiders own 11.51% of the company’s stock.

Zoom Communications Price Performance

NASDAQ:ZM opened at $93.96 on Thursday. The firm has a market capitalization of $27.55 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 5.37 and a beta of 1.01. Zoom Communications, Inc. has a 1 year low of $69.15 and a 1 year high of $114.74. The business has a 50 day simple moving average of $95.51 and a 200-day simple moving average of $88.57.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. 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 4.06 earnings per share for the current fiscal 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.