Corient Private Wealth LLC Grows Stock Position in Zoom Communications, Inc. $ZM

Corient Private Wealth LLC boosted its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,041 shares of the company’s stock after buying an additional 17,875 shares during the period. Corient Private Wealth LLC’s holdings in Zoom Communications were worth $6,303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Zoom Communications by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after acquiring an additional 1,029,623 shares during the period. AQR Capital Management LLC grew its holdings in Zoom Communications by 43.9% in the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after purchasing an additional 3,718,186 shares during the period. State Street Corp increased its position in Zoom Communications by 5.0% during the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after purchasing an additional 363,776 shares during the last quarter. Norges Bank acquired a new position in Zoom Communications during the fourth quarter worth approximately $509,788,000. Finally, Geode Capital Management LLC raised its stake in Zoom Communications by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after purchasing an additional 152,862 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company upped their price objective on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Citigroup increased their target price on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Argus upgraded Zoom Communications to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Zoom Communications currently has an average rating of “Moderate Buy” and an average target price of $109.33.

Insider Activity at Zoom Communications

In related news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.58, for a total transaction of $562,102.92. Following the sale, the director directly owned 142,882 shares in the company, valued at approximately $15,228,363.56. This trade represents a 3.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $81.32, for a total value of $690,325.48. Following the transaction, the chief financial officer directly owned 30,467 shares in the company, valued at $2,477,576.44. This trade represents a 21.79% 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. Insiders have sold a total of 156,638 shares of company stock valued at $13,900,194 over the last 90 days. Corporate insiders own 8.83% of the company’s stock.

Zoom Communications Stock Down 3.0%

ZM opened at $82.88 on Friday. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74. The company has a 50 day moving average of $96.85 and a two-hundred day moving average of $88.88. The company has a market cap of $24.30 billion, a P/E ratio of 12.17, a P/E/G ratio of 4.72 and a beta of 1.01.

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

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.