First Trust Advisors LP Decreases Stock Position in Zoom Communications, Inc. $ZM

First Trust Advisors LP trimmed its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,488,612 shares of the company’s stock after selling 44,500 shares during the period. First Trust Advisors LP owned 0.49% of Zoom Communications worth $122,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new position in Zoom Communications during the second quarter worth about $27,000. Root Financial Partners LLC acquired a new stake in shares of Zoom Communications in the third quarter valued at approximately $33,000. Quent Capital LLC purchased a new position in shares of Zoom Communications during the 3rd quarter worth approximately $34,000. Cloud Capital Management LLC purchased a new position in shares of Zoom Communications during the 3rd quarter worth approximately $42,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Zoom Communications by 2,957.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 581 shares of the company’s stock worth $48,000 after purchasing an additional 562 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and upped their target price for the company from $94.00 to $106.00 in a research note on Monday, January 12th. Morgan Stanley raised their price target on Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Zacks Research downgraded Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Fourteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Zoom Communications presently has a consensus rating of “Hold” and an average target price of $95.32.

Insiders Place Their Bets

In related news, CFO Michelle Chang sold 8,417 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the transaction, the chief financial officer directly owned 25,482 shares in the company, valued at approximately $2,205,212.28. This represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $93.01, for a total value of $1,125,421.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 183,089 shares of company stock valued at $15,730,024. 10.78% of the stock is currently owned by company insiders.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $77.50 on Monday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $97.58. The firm’s 50 day moving average price is $86.41 and its 200 day moving average price is $84.69. The firm has a market cap of $22.95 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 4.42 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The company’s revenue 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. As a group, equities analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

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.