Arrowstreet Capital Limited Partnership Acquires 121,835 Shares of Zoom Communications, Inc. $ZM

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,767,681 shares of the company’s stock after acquiring an additional 121,835 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Zoom Communications were worth $238,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in 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. AQR Capital Management LLC grew its holdings in Zoom Communications by 23.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after acquiring an additional 1,607,253 shares in the last quarter. State Street Corp grew its holdings in Zoom Communications by 5.0% during the 4th quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after acquiring an additional 363,776 shares in the last quarter. Norges Bank bought a new position in Zoom Communications during the 4th quarter worth about $509,788,000. Finally, Geode Capital Management LLC grew its holdings in Zoom Communications by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after acquiring an additional 152,862 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZM. Royal Bank Of Canada increased their target price on shares of Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. KeyCorp raised shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Rosenblatt Securities increased their price target on shares of Zoom Communications from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Jefferies Financial Group increased their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. Fifteen 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Stock Performance

ZM stock opened at $93.68 on Monday. The firm has a market cap of $27.47 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 5.20 and a beta of 1.01. The firm has a 50-day simple moving average of $96.00 and a two-hundred day simple moving average of $88.77. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.55 EPS 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 analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. Zoom Communications’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm 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, equities analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In related news, COO Aparna Bawa sold 12,886 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $173,312.36. This trade represents a 86.69% decrease in their position. The sale was disclosed in a document filed 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 stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the transaction, 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 ownership of the stock. 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. Insiders sold a total of 156,638 shares of company stock worth $13,900,194 over the last ninety days. 8.83% of the stock is currently owned by 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.