VIRGINIA RETIREMENT SYSTEMS ET Al Grows Stake in Zoom Communications, Inc. $ZM

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 106.6% in the 4th quarter, HoldingsChannel reports. The fund owned 751,624 shares of the company’s stock after acquiring an additional 387,824 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Zoom Communications were worth $64,858,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC grew its position in Zoom Communications by 23.4% in the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after acquiring an additional 1,607,253 shares during the last quarter. Two Sigma Investments LP bought a new position in Zoom Communications in the third quarter worth approximately $86,709,000. Vanguard Group Inc. raised its stake in Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after buying an additional 1,029,623 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 worth $218,282,000 after buying an additional 836,594 shares in the last quarter. Finally, Amundi raised its stake in Zoom Communications by 87.4% in the third quarter. Amundi now owns 1,637,670 shares of the company’s stock worth $132,700,000 after buying an additional 763,779 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $102.96 on Wednesday. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $111.56. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 6.13 and a beta of 1.00. The firm’s fifty day moving average is $84.93 and its two-hundred day moving average is $85.87.

Zoom Communications (NASDAQ:ZM) last posted 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). 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 analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $1.41 earnings per share. Zoom Communications’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. As a group, equities research analysts predict that Zoom Communications, Inc. will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $81.32, for a total value of $690,325.48. Following the sale, the chief financial officer directly owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Santiago Subotovsky sold 5,274 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $106.58, for a total transaction of $562,102.92. Following the completion of the sale, the director directly owned 142,882 shares in the company, valued at approximately $15,228,363.56. The trade was a 3.56% 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. Insiders sold 144,329 shares of company stock valued at $12,364,989 in the last 90 days. 10.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZM. Wall Street Zen downgraded Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Thursday, February 5th. Sanford C. Bernstein reduced their target price on 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. BTIG Research reduced their target price on Zoom Communications from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings upgraded Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Fourteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.32.

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.