Essex Financial Services Inc. Buys New Position in Zoom Communications, Inc. $ZM

Posted by Stanley Muller on Jun 3rd, 2026

Essex Financial Services Inc. bought a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,216 shares of the company’s stock, valued at approximately $709,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gulf International Bank UK Ltd boosted its stake in Zoom Communications by 2.0% during the 4th quarter. Gulf International Bank UK Ltd now owns 12,454 shares of the company’s stock valued at $1,075,000 after purchasing an additional 250 shares during the period. Forsta AP Fonden lifted its position in shares of Zoom Communications by 3.4% in the 4th quarter. Forsta AP Fonden now owns 49,100 shares of the company’s stock worth $4,237,000 after acquiring an additional 1,600 shares during the period. Norges Bank bought a new stake in shares of Zoom Communications in the 4th quarter worth approximately $509,788,000. National Pension Service lifted its position in shares of Zoom Communications by 8.4% in the 4th quarter. National Pension Service now owns 733,004 shares of the company’s stock worth $63,251,000 after acquiring an additional 56,696 shares during the period. Finally, Rothschild Investment LLC lifted its position in shares of Zoom Communications by 86.0% in the 4th quarter. Rothschild Investment LLC now owns 9,680 shares of the company’s stock worth $835,000 after acquiring an additional 4,475 shares during the period. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Up 9.9%

ZM stock opened at $111.62 on Tuesday. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $114.74. The company has a market cap of $32.73 billion, a P/E ratio of 16.39, a PEG ratio of 5.79 and a beta of 1.01. The business has a fifty day moving average of $92.06 and a 200-day moving average of $87.57.

Zoom Communications (NASDAQ:ZM – Get Free Report) last issued 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 return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The firm’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. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Zoom Communications

In other news, COO Aparna Bawa sold 12,886 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the transaction, the chief operating officer owned 1,978 shares of the company’s stock, valued at $173,312.36. This represents a 86.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 69,923 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 36,796 shares in the company, valued at $2,988,571.12. This trade represents a 65.52% 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. Insiders have sold a total of 144,329 shares of company stock valued at $12,364,989 over the last ninety days. Company insiders own 10.78% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of research reports. Zacks Research downgraded Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Weiss Ratings upgraded Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Piper Sandler raised their price objective on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Robert W. Baird raised their price objective on Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group raised their price objective on Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fourteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.15.

View Our Latest Report on ZM

Trending Headlines about Zoom Communications

Here are the key news stories impacting Zoom Communications this week:

Positive Sentiment: Zoom launched ZoomMate, a new agentic AI “teammate” designed to turn meeting conversations into completed work by connecting with tools like Salesforce, Jira, Slack, and ServiceNow. Investors appear to be betting this could strengthen Zoom’s AI growth story and improve monetization. Zoom launches ZoomMate: the first AI teammate built to turn conversations into completed work
Positive Sentiment: Anthropic confidentially filed for an IPO, which could increase the value of Zoom’s early stake in the AI startup. That potential windfall is helping fuel bullish sentiment around ZM. Zoom Stock Jumps 11%. Why the Anthropic IPO Is Good News for the Video Calling Company.
Neutral Sentiment: Recent post-earnings momentum is also supporting the stock, after Zoom beat expectations last quarter, raised full-year guidance, and expanded its buyback authorization. ZM Stock Rips To Near 4-Year Highs After Anthropic IPO Filing – Retail Expects A Breakout

About Zoom Communications

(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.