Zoom Communications, Inc. $ZM Stake Boosted by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension boosted its position in Zoom Communications, Inc. (NASDAQ:ZM) by 25.6% during the 1st quarter, HoldingsChannel reports. The firm owned 333,464 shares of the company’s stock after purchasing an additional 68,042 shares during the period. Zoom Communications comprises about 0.7% of Arbejdsmarkedets Tillaegspension’s investment portfolio, making the stock its 4th biggest position. Arbejdsmarkedets Tillaegspension’s holdings in Zoom Communications were worth $26,807,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Zoom Communications in the fourth quarter worth approximately $509,788,000. AQR Capital Management LLC increased its position in 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 in the last quarter. Two Sigma Investments LP bought a new position in shares of Zoom Communications in the third quarter worth about $86,709,000. Vanguard Group Inc. lifted its position 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 valued at $2,327,002,000 after buying an additional 1,029,623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 valued at $218,282,000 after buying an additional 836,594 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Price Performance

Shares of ZM opened at $89.76 on Monday. The stock has a market capitalization of $26.32 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 4.96 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’s 50 day simple moving average is $96.13 and its 200-day simple moving average is $88.77.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted $1.43 earnings per share. 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, sell-side analysts expect that Zoom Communications, Inc. will post 4.08 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Santiago Subotovsky sold 2,637 shares of Zoom Communications stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $90.15, for a total value of $237,725.55. Following the completion of the transaction, the director owned 138,554 shares in the company, valued at approximately $12,490,643.10. The trade was a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total transaction 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. In the last three months, insiders have sold 80,863 shares of company stock valued at $7,768,448. 8.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZM. HSBC boosted their price objective on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company lifted their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. KeyCorp raised shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Finally, Benchmark raised their price objective 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. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.33.

Zoom Communications 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.