Diversified Trust Co Trims Position in Zoom Communications, Inc. $ZM

Diversified Trust Co reduced its position in Zoom Communications, Inc. (NASDAQ:ZM) by 35.2% in the 1st quarter, Holdings Channel reports. The fund owned 17,381 shares of the company’s stock after selling 9,446 shares during the period. Diversified Trust Co’s holdings in Zoom Communications were worth $1,397,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in shares of Zoom Communications by 16.8% during the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after purchasing an additional 1,153 shares during the last quarter. Intech Investment Management LLC increased its stake in Zoom Communications by 59.1% in the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after purchasing an additional 6,235 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Zoom Communications by 82.0% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after buying an additional 397 shares during the period. Sivia Capital Partners LLC purchased a new position in Zoom Communications during the second quarter worth about $217,000. Finally, Invesco Ltd. boosted its stake in Zoom Communications by 7.0% in the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after buying an additional 47,749 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $84.34 on Tuesday. The firm has a market capitalization of $24.73 billion, a PE ratio of 12.38, a P/E/G ratio of 4.79 and a beta of 1.01. The business has a 50-day moving average of $96.65 and a two-hundred day moving average of $88.92. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion for 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 company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $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, research analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Insider Transactions at Zoom Communications

In related news, CEO Eric S. Yuan sold 69,923 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $81.22, for a total value of $5,679,146.06. Following the transaction, the chief executive officer owned 36,796 shares in the company, valued at approximately $2,988,571.12. This trade represents a 65.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $81.32, for a total transaction of $690,325.48. Following the transaction, the chief financial officer directly owned 30,467 shares in the company, valued at approximately $2,477,576.44. This trade represents 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 have sold a total of 156,638 shares of company stock valued at $13,900,194 in the last three months. 8.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ZM has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Citigroup increased their price objective on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. HSBC raised their target price on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. BTIG Research upped their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” 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 stock a “buy” rating in a research note on Thursday, May 21st. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Moderate Buy” and an average price target of $109.33.

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.