Public Employees Retirement System of Ohio Has $6.82 Million Stock Holdings in Zoom Communications, Inc. $ZM

Public Employees Retirement System of Ohio boosted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,389 shares of the company’s stock after acquiring an additional 414 shares during the period. Public Employees Retirement System of Ohio’s holdings in Zoom Communications were worth $6,815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wedmont Private Capital increased its holdings in shares of Zoom Communications by 4.1% during the second quarter. Wedmont Private Capital now owns 3,499 shares of the company’s stock worth $271,000 after buying an additional 137 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Zoom Communications by 6.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock worth $172,000 after acquiring an additional 143 shares during the last quarter. Wynn Capital LLC increased its holdings in Zoom Communications by 1.6% during the 1st quarter. Wynn Capital LLC now owns 10,194 shares of the company’s stock valued at $752,000 after purchasing an additional 160 shares in the last quarter. New York State Teachers Retirement System raised its position in Zoom Communications by 0.7% in the 1st quarter. New York State Teachers Retirement System now owns 24,298 shares of the company’s stock valued at $1,792,000 after purchasing an additional 171 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Zoom Communications by 44.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock worth $43,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird decreased their price target on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. KeyCorp lowered their price target on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a research report on Friday, August 22nd. Wall Street Zen raised shares of Zoom Communications from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Benchmark lifted their target price on shares of Zoom Communications from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.30.

Insider Buying and Selling at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $77.17, for a total transaction of $190,995.75. Following the sale, the director directly owned 157,235 shares in the company, valued at $12,133,824.95. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric S. Yuan sold 33,691 shares of the business’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $74.79, for a total transaction of $2,519,749.89. The disclosure for this sale can be found here. Insiders have sold a total of 90,400 shares of company stock worth $6,871,114 over the last three months. Company insiders own 10.78% of the company’s stock.

Zoom Communications Trading Up 0.6%

ZM stock opened at $84.51 on Monday. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $92.80. The firm has a market cap of $25.57 billion, a PE ratio of 22.30, a P/E/G ratio of 11.67 and a beta of 0.57. The business’s 50-day moving average price is $78.42 and its two-hundred day moving average price is $77.33.

Zoom Communications Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.