Zoom Communications, Inc. $ZM Shares Acquired by AIA Group Ltd

AIA Group Ltd grew its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 170.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,490 shares of the company’s stock after purchasing an additional 9,131 shares during the period. AIA Group Ltd’s holdings in Zoom Communications were worth $1,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ZM. Elevation Point Wealth Partners LLC acquired a new stake in shares of Zoom Communications during the second quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new position in Zoom Communications during the third quarter valued at $33,000. Quent Capital LLC purchased a new stake in Zoom Communications in the 3rd quarter worth about $34,000. Cloud Capital Management LLC purchased a new stake in Zoom Communications in the 3rd quarter worth about $42,000. Finally, SJS Investment Consulting Inc. grew its stake in Zoom Communications by 2,957.9% during the 3rd quarter. SJS Investment Consulting Inc. now owns 581 shares of the company’s stock valued at $48,000 after acquiring an additional 562 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analyst Ratings Changes

ZM has been the subject of several research reports. KeyCorp raised their price target on shares of Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Sanford C. Bernstein cut their target price on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Finally, BTIG Research dropped their price target on shares of Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zoom Communications presently has a consensus rating of “Hold” and an average target price of $95.32.

Insider Activity

In other news, CEO Eric S. Yuan sold 47,369 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $83.65, for a total transaction of $3,962,416.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michelle Chang sold 8,417 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.54, for a total value of $728,407.18. Following the completion of the sale, the chief financial officer directly owned 25,482 shares of the company’s stock, valued at approximately $2,205,212.28. The trade was a 24.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 109,706 shares of company stock valued at $9,299,555. Corporate insiders own 11.51% of the company’s stock.

Zoom Communications Trading Down 0.2%

Shares of Zoom Communications stock opened at $76.61 on Friday. The company has a market capitalization of $22.68 billion, a PE ratio of 12.36, a PEG ratio of 4.39 and a beta of 0.93. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58. The stock’s fifty day simple moving average is $84.43 and its 200 day simple moving average is $84.34.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business earned $1.41 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. 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. Analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal 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.