Dimensional Fund Advisors LP Raises Stock Position in Zoom Communications, Inc. $ZM

Dimensional Fund Advisors LP lifted its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 22.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,181,404 shares of the company’s stock after buying an additional 399,436 shares during the period. Dimensional Fund Advisors LP owned approximately 0.72% of Zoom Communications worth $179,986,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZM. Norges Bank acquired a new position in Zoom Communications in the second quarter valued at $539,998,000. Acadian Asset Management LLC boosted its position in shares of Zoom Communications by 41.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock valued at $293,909,000 after purchasing an additional 1,097,333 shares during the period. Vanguard Group Inc. grew its stake in 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 buying an additional 986,164 shares during the last quarter. Pacer Advisors Inc. grew its stake in 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 buying an additional 949,829 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Zoom Communications during the third quarter worth approximately $63,357,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,568 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $86.55, for a total transaction of $655,010.40. Following the completion of the transaction, the insider owned 136,182 shares in the company, valued at approximately $11,786,552.10. This represents a 5.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Aparna Bawa sold 12,137 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $81.37, for a total transaction of $987,587.69. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at $160,949.86. This trade represents a 85.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 183,089 shares of company stock worth $15,730,024 in the last ninety days. Insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ZM shares. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. BTIG Research cut their target price on shares of Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wolfe Research upgraded shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, February 5th. Finally, Sanford C. Bernstein decreased their price target on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zoom Communications currently has an average rating of “Hold” and a consensus target price of $95.32.

Zoom Communications Trading Up 0.2%

Zoom Communications stock opened at $77.50 on Monday. The stock has a 50 day moving average of $86.41 and a two-hundred day moving average of $84.69. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $97.58. The stock has a market capitalization of $22.95 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 4.42 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last released 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 analyst estimates of $1.23 billion. During the same period in the previous year, the firm posted $1.41 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. 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. Equities analysts predict that Zoom Communications, Inc. will post 2.93 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.