Massachusetts Financial Services Co. MA Has $34.18 Million Stock Holdings in Zoom Communications, Inc. $ZM

Massachusetts Financial Services Co. MA grew its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 10.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 396,099 shares of the company’s stock after buying an additional 36,255 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Zoom Communications were worth $34,179,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Zoom Communications by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock valued at $2,139,852,000 after purchasing an additional 986,164 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Zoom Communications by 23.4% during the 3rd 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 in the last quarter. State Street Corp boosted its position in shares of Zoom Communications by 0.4% during the 3rd quarter. State Street Corp now owns 7,219,148 shares of the company’s stock valued at $595,580,000 after purchasing an additional 29,647 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Zoom Communications by 54.4% during the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock valued at $222,353,000 after purchasing an additional 949,829 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted 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 purchasing an additional 836,594 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Eric S. Yuan sold 69,923 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was 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 $2,988,571.12. This trade represents a 65.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the transaction, the director owned 153,442 shares in the company, valued at $11,879,479.64. This represents a 1.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 125,462 shares of company stock worth $10,356,350 in the last 90 days. Company insiders own 11.51% of the company’s stock.

Zoom Communications Stock Performance

Shares of NASDAQ:ZM opened at $89.03 on Thursday. The business’s 50 day simple moving average is $82.20 and its two-hundred day simple moving average is $83.96. The firm has a market cap of $26.23 billion, a P/E ratio of 14.36, a PEG ratio of 4.71 and a beta of 0.88. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $97.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, equities analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wolfe Research upgraded Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Thursday, February 5th. Benchmark cut their target price on Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Zoom Communications in a research report on Friday, March 13th. Argus upgraded Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $115.00 target price on shares of Zoom Communications in a research report on Thursday, February 26th. Fourteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $95.32.

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.