Twin Capital Management Inc. Makes New Investment in Zoom Communications, Inc. $ZM

Twin Capital Management Inc. purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,267 shares of the company’s stock, valued at approximately $745,000.

Several other institutional investors have also modified their holdings of ZM. Allianz Asset Management GmbH boosted its stake in Zoom Communications by 15.6% during the fourth quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock worth $182,315,000 after buying an additional 285,626 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Zoom Communications by 43.6% in the 4th quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after acquiring an additional 128,174 shares during the last quarter. Sherry Group Inc. purchased a new position in shares of Zoom Communications during the 4th quarter worth approximately $894,000. Boston Common Asset Management LLC purchased a new position in shares of Zoom Communications during the 4th quarter worth approximately $2,163,000. Finally, Geode Capital Management LLC increased its holdings in Zoom Communications by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after purchasing an additional 152,862 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. KeyCorp upgraded Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Cantor Fitzgerald raised their price target on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Wells Fargo & Company boosted their price target on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price objective on shares of Zoom Communications in a research note on Tuesday, June 30th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Zoom Communications currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications Stock Up 0.3%

ZM stock opened at $92.92 on Friday. The stock has a market cap of $27.25 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 5.11 and a beta of 1.01. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74. The business has a 50 day moving average price of $95.11 and a 200 day moving average price of $88.90.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The business’s 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. As a group, sell-side analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current year.

Insiders Place Their Bets

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $106.60, for a total value of $1,289,860.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $109.78, for a total transaction of $578,979.72. Following the transaction, the director directly owned 137,608 shares in the company, valued at $15,106,606.24. The trade was a 3.69% 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 48,517 shares of company stock valued at $5,061,783 over the last quarter. Company insiders own 8.83% of the company’s stock.

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.