OVERSEA CHINESE BANKING Corp Ltd Invests $523,000 in Zoom Communications, Inc. $ZM

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,062 shares of the company’s stock, valued at approximately $523,000.

Several other institutional investors have also modified their holdings of ZM. AQR Capital Management LLC boosted its stake 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 worth $699,357,000 after acquiring an additional 1,607,253 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Zoom Communications during the 3rd quarter worth approximately $86,709,000. Vanguard Group Inc. boosted its stake 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 worth $2,139,852,000 after acquiring an additional 986,164 shares in the last quarter. Pacer Advisors Inc. boosted its stake 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 worth $222,353,000 after acquiring an additional 949,829 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake 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 worth $218,282,000 after acquiring an additional 836,594 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 69,923 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $81.32, for a total value of $690,325.48. Following the transaction, the chief financial officer directly owned 30,467 shares in the company, valued at approximately $2,477,576.44. This represents a 21.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 138,887 shares of company stock worth $11,590,330. Company insiders own 11.51% of the company’s stock.

Analysts Set New Price Targets

ZM has been the topic of a number of recent research reports. BTIG Research reduced their target price on Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and upped their target price for the company from $94.00 to $106.00 in a research note on Monday, January 12th. Piper Sandler upped their target price on Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, February 5th. Finally, KeyCorp upped their target price on Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a research note on Thursday, February 26th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $95.32.

Zoom Communications Stock Performance

ZM stock opened at $90.01 on Friday. Zoom Communications, Inc. has a 1 year low of $69.15 and a 1 year high of $97.58. The stock’s 50 day moving average price is $81.84 and its 200 day moving average price is $84.26. The firm has a market cap of $26.52 billion, a P/E ratio of 14.52, a PEG ratio of 5.26 and a beta of 0.88.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $1.41 EPS. Zoom Communications’s quarterly revenue was up 5.3% compared to the same quarter last year. 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, research analysts predict that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

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.