Altshuler Shaham Ltd Increases Holdings in Zoom Communications, Inc. $ZM

Altshuler Shaham Ltd raised its stake in shares of Zoom Communications, Inc. (NASDAQ:ZMFree Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,043,218 shares of the company’s stock after buying an additional 24,246 shares during the period. Zoom Communications comprises approximately 2.6% of Altshuler Shaham Ltd’s holdings, making the stock its 13th largest position. Altshuler Shaham Ltd’s holdings in Zoom Communications were worth $176,309,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in 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 during the last quarter. AQR Capital Management LLC increased its stake in shares of Zoom Communications by 43.9% in the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares in the last quarter. State Street Corp increased its stake in shares of Zoom Communications by 5.0% in the 4th quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after purchasing an additional 363,776 shares in the last quarter. Norges Bank purchased a new stake in shares of Zoom Communications in the 4th quarter worth $509,788,000. Finally, Geode Capital Management LLC increased its stake in shares of Zoom Communications by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after purchasing an additional 152,862 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. 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. Needham & Company LLC lifted their price target on shares of Zoom Communications from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Rosenblatt Securities increased their price target on Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. HSBC increased their price target on Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.33.

Read Our Latest Research Report on Zoom Communications

Zoom Communications Price Performance

Zoom Communications stock opened at $87.39 on Thursday. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74. The firm has a market capitalization of $25.63 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 5.11 and a beta of 1.01. The company’s 50-day moving average is $96.53 and its 200 day moving average is $88.90.

Zoom Communications (NASDAQ:ZMGet Free Report) last announced its quarterly earnings data 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 company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $1.43 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. 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. Research analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zoom Communications news, COO Aparna Bawa sold 12,886 shares of Zoom Communications stock in a transaction 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 transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. The trade was a 86.69% decrease in their ownership of the stock. The transaction 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, Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the sale, the director directly owned 137,608 shares in the company, valued at $15,106,606.24. This trade represents a 3.69% 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. Insiders sold a total of 156,638 shares of company stock worth $13,900,194 over the last quarter. Insiders own 8.83% of the company’s stock.

Zoom Communications Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zoom Communications (NASDAQ:ZM)

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