Avory & Company LLC Cuts Stake in Zoom Communications, Inc. $ZM

Avory & Company LLC lessened its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 279,509 shares of the company’s stock after selling 11,926 shares during the period. Zoom Communications accounts for about 15.4% of Avory & Company LLC’s investment portfolio, making the stock its biggest holding. Avory & Company LLC’s holdings in Zoom Communications were worth $24,119,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in Zoom Communications during the fourth quarter worth $509,788,000. AQR Capital Management LLC lifted its position in shares of Zoom Communications by 43.9% in the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after buying an additional 3,718,186 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Zoom Communications in the third quarter worth about $86,709,000. Vanguard Group Inc. boosted its stake in shares of Zoom Communications by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after acquiring an additional 1,029,623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Zoom Communications by 46.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock worth $218,282,000 after acquiring an additional 836,594 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Stock Performance

NASDAQ ZM opened at $86.36 on Friday. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $114.74. The stock has a market capitalization of $25.32 billion, a PE ratio of 12.68, a P/E/G ratio of 4.85 and a beta of 1.01. The stock has a 50-day simple moving average of $96.58 and a 200 day simple moving average of $88.91.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior 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, equities research analysts forecast that Zoom Communications, Inc. will post 4.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup increased their price objective on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Piper Sandler increased 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. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein dropped their price target on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Fifteen 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 a consensus rating of “Moderate Buy” and an average target price of $109.33.

Insider Activity at Zoom Communications

In related news, CEO Eric S. Yuan sold 69,923 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the transaction, the chief executive officer owned 36,796 shares of the company’s stock, valued at approximately $2,988,571.12. The trade was a 65.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the transaction, the insider directly owned 141,971 shares in the company, valued at $12,130,002.24. This trade represents a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 156,638 shares of company stock valued at $13,900,194. 8.83% of the stock is owned by corporate insiders.

Zoom Communications Company 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.