ABN Amro Investment Solutions Acquires New Shares in Zoom Communications, Inc. $ZM

ABN Amro Investment Solutions acquired a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,634 shares of the company’s stock, valued at approximately $694,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new stake in Zoom Communications during the fourth quarter valued at about $26,000. Strive Financial Group LLC bought a new position in Zoom Communications in the fourth quarter worth about $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Zoom Communications during the fourth quarter valued at about $28,000. Rexford Capital Inc. lifted its position in shares of Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after buying an additional 122 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Trading Up 4.6%

Shares of Zoom Communications stock opened at $87.99 on Friday. The firm’s 50 day simple moving average is $93.30 and its two-hundred day simple moving average is $88.99. The firm has a market capitalization of $25.80 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 4.72 and a beta of 1.01. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. 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. On average, sell-side analysts predict that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Jefferies Financial Group lifted their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company upped their price target on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Finally, Piper Sandler increased their price objective on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Insiders Place Their Bets

In related news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total transaction of $1,350,481.00. The transaction was disclosed in a document filed with the SEC, 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 2,637 shares of Zoom Communications stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $90.15, for a total value of $237,725.55. Following the transaction, the director owned 138,554 shares of the company’s stock, valued at approximately $12,490,643.10. This represents a 1.87% 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. In the last three months, insiders have sold 48,517 shares of company stock valued at $5,061,783. Company insiders own 8.83% of the company’s stock.

About Zoom Communications

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.