Allianz Asset Management GmbH Increases Stake in Zoom Communications, Inc. $ZM

Allianz Asset Management GmbH lifted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,112,815 shares of the company’s stock after acquiring an additional 285,626 shares during the period. Allianz Asset Management GmbH’s holdings in Zoom Communications were worth $182,315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZM. Norges Bank acquired a new position in Zoom Communications during the fourth quarter valued at approximately $509,788,000. AQR Capital Management LLC raised its stake in shares of Zoom Communications by 23.4% during the third quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after purchasing an additional 1,607,253 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Zoom Communications during the third quarter valued at approximately $86,709,000. Vanguard Group Inc. raised its stake in shares of Zoom Communications by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Zoom Communications by 46.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock valued at $218,282,000 after purchasing an additional 836,594 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZM has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Needham & Company LLC lifted their price objective on shares of Zoom Communications from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Jefferies Financial Group lifted their price objective on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company lifted their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Finally, Morgan Stanley lifted their price target on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, 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 company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 36,796 shares of the company’s stock, valued at $2,988,571.12. This represents a 65.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction 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. The trade was a 5.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 156,638 shares of company stock valued at $13,900,194. Company insiders own 10.78% of the company’s stock.

Zoom Communications Price Performance

Zoom Communications stock opened at $96.83 on Wednesday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The company has a market cap of $28.39 billion, a PE ratio of 14.22, a P/E/G ratio of 5.61 and a beta of 1.01. The company has a fifty day moving average price of $95.20 and a two-hundred day moving average price of $88.46.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results 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. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The company’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. Equities research analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share 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.