Arrowstreet Capital Limited Partnership Purchases 593,748 Shares of Zoom Communications, Inc. $ZM

Arrowstreet Capital Limited Partnership lifted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 48.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,809,252 shares of the company’s stock after purchasing an additional 593,748 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.60% of Zoom Communications worth $141,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Zoom Communications during the second quarter worth about $539,998,000. Acadian Asset Management LLC raised its position in shares of Zoom Communications by 41.1% during the second quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after purchasing an additional 1,097,333 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Zoom Communications by 63.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock valued at $166,651,000 after purchasing an additional 830,393 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Zoom Communications by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock valued at $1,829,249,000 after purchasing an additional 624,863 shares during the period. Finally, Nuveen LLC bought a new stake in Zoom Communications during the 1st quarter worth approximately $37,646,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michelle Chang sold 33,956 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the transaction, the chief financial officer directly owned 20,539 shares in the company, valued at approximately $1,684,198. The trade was a 62.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $84.15, for a total transaction of $208,271.25. Following the completion of the sale, the director owned 150,169 shares of the company’s stock, valued at approximately $12,636,721.35. This represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 389,373 shares of company stock worth $32,311,579 in the last quarter. 10.78% of the stock is owned by company insiders.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $84.56 on Wednesday. The stock has a market capitalization of $25.58 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 7.70 and a beta of 0.81. The business has a 50-day moving average of $82.61 and a 200-day moving average of $79.73. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $91.04.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. Zoom Communications’s revenue was up 4.4% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, sell-side analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Citigroup increased their target price on Zoom Communications from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, November 17th. Benchmark boosted their price target on Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Eleven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Zoom Communications has a consensus rating of “Hold” and an average price target of $92.43.

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.