Zoom Communications, Inc. $ZM Shares Purchased by Perpetual Ltd

Perpetual Ltd boosted its position in Zoom Communications, Inc. (NASDAQ:ZM) by 61.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,862 shares of the company’s stock after buying an additional 10,219 shares during the period. Perpetual Ltd’s holdings in Zoom Communications were worth $2,318,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Zoom Communications by 4.0% in the third quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock valued at $2,139,852,000 after acquiring an additional 986,164 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Zoom Communications by 23.4% during the third quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after acquiring an additional 1,607,253 shares during the period. State Street Corp raised its holdings in Zoom Communications by 0.4% during the third quarter. State Street Corp now owns 7,219,148 shares of the company’s stock worth $595,580,000 after purchasing an additional 29,647 shares in the last quarter. Pacer Advisors Inc. lifted its position in Zoom Communications by 54.4% in the third quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock valued at $222,353,000 after purchasing an additional 949,829 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Zoom Communications by 46.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock valued at $218,282,000 after purchasing an additional 836,594 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Stock Performance

Shares of Zoom Communications stock opened at $82.36 on Friday. The company has a 50-day moving average of $83.72 and a two-hundred day moving average of $84.01. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $97.58. The stock has a market cap of $24.27 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 4.71 and a beta of 0.88.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.Zoom Communications’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. 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. On average, sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on ZM. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 target price on shares of Zoom Communications in a research report on Thursday, February 26th. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a report on Tuesday, February 24th. Benchmark decreased their price target on Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Zacks Research lowered Zoom Communications from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, KeyCorp raised their target price on Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a report on Thursday, February 26th. Fourteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Zoom Communications currently has an average rating of “Hold” and a consensus price target of $95.32.

Insider Activity at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $93.01, for a total value of $1,125,421.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the transaction, the director owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. This represents a 1.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 109,706 shares of company stock valued at $9,299,555 in the last 90 days. 11.51% of the stock is owned by corporate insiders.

Zoom Communications 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.