Meitav Investment House Ltd. Makes New $804,000 Investment in Zoom Communications, Inc. $ZM

Meitav Investment House Ltd. acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $804,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZM. Kestra Advisory Services LLC raised its position in Zoom Communications by 2.0% in the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after purchasing an additional 116 shares in the last quarter. 3Chopt Investment Partners LLC increased its stake in shares of Zoom Communications by 1.6% during the first quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after buying an additional 119 shares during the period. Rexford Capital Inc. raised its holdings in Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after acquiring an additional 122 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Zoom Communications by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after acquiring an additional 123 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake in Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after acquiring an additional 136 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $85.68 on Wednesday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The firm has a market capitalization of $25.12 billion, a P/E ratio of 12.58, a P/E/G ratio of 4.69 and a beta of 1.01. The company’s fifty day moving average price is $96.35 and its 200 day moving average price is $88.79.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company posted $1.43 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, sell-side analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Benchmark increased their price objective on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a report on Friday, May 22nd. Cantor Fitzgerald raised their price target on Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 price target on shares of Zoom Communications in a report on Tuesday, June 30th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a report on Wednesday, May 20th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $109.33.

Insider Activity at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,645 shares of Zoom Communications stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total value of $653,188.80. Following the transaction, the insider directly owned 141,971 shares of the company’s stock, valued at $12,130,002.24. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 69,923 shares of Zoom Communications stock in a transaction on Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the completion of the transaction, the chief executive officer directly owned 36,796 shares in the company, valued at $2,988,571.12. The trade was a 65.52% 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 have sold a total of 159,275 shares of company stock valued at $14,137,919 over the last 90 days. 8.83% of the stock is owned by 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.