Swiss National Bank Has $59.83 Million Stock Position in Zoom Communications, Inc. $ZM

Swiss National Bank raised its position in Zoom Communications, Inc. (NASDAQ:ZM) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 744,200 shares of the company’s stock after buying an additional 48,500 shares during the period. Swiss National Bank’s holdings in Zoom Communications were worth $59,826,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC acquired a new position in shares of Zoom Communications in the 4th quarter worth approximately $26,000. Strive Financial Group LLC acquired a new stake in Zoom Communications during the 4th quarter valued at $27,000. Toth Financial Advisory Corp acquired a new stake in Zoom Communications during the 4th quarter valued at $28,000. Rexford Capital Inc. increased its holdings in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Communications Stock Performance

Shares of ZM opened at $89.77 on Wednesday. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 4.87 and a beta of 1.01. The business’s fifty day moving average price is $94.16 and its two-hundred day moving average price is $88.99. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share 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 company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. 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, research analysts forecast that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on ZM. Mizuho boosted their price objective on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. HSBC raised their target price on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings downgraded shares of Zoom Communications from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Rosenblatt Securities increased their price objective on shares of Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 price objective on shares of Zoom Communications in a research report on Tuesday, June 30th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Zoom Communications has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Insiders Place Their Bets

In related news, Director Santiago Subotovsky sold 2,637 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $90.15, for a total transaction of $237,725.55. Following the completion of the sale, the director directly owned 138,554 shares of the company’s stock, valued at $12,490,643.10. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the transaction, the chief financial officer owned 35,452 shares in the company, valued at $3,219,041.60. This represents a 19.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last three months, insiders sold 48,517 shares of company stock valued at $5,061,783. 8.83% of the stock is currently owned by insiders.

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.