Distillate Capital Partners LLC Buys Shares of 167,061 Zoom Communications, Inc. $ZM

Distillate Capital Partners LLC purchased a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 167,061 shares of the company’s stock, valued at approximately $13,027,000. Distillate Capital Partners LLC owned about 0.06% of Zoom Communications at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp increased its position in Zoom Communications by 33.8% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 18,193 shares of the company’s stock valued at $1,419,000 after buying an additional 4,600 shares in the last quarter. Shelton Capital Management boosted its holdings in Zoom Communications by 519.3% in the second quarter. Shelton Capital Management now owns 215,500 shares of the company’s stock worth $16,805,000 after acquiring an additional 180,700 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Zoom Communications by 149.9% during the second quarter. Panagora Asset Management Inc. now owns 632,232 shares of the company’s stock worth $49,301,000 after acquiring an additional 379,214 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Zoom Communications by 0.8% during the second quarter. New York State Common Retirement Fund now owns 167,718 shares of the company’s stock valued at $13,079,000 after acquiring an additional 1,393 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Zoom Communications by 198.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 464,957 shares of the company’s stock valued at $36,257,000 after purchasing an additional 309,156 shares during the last quarter. 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 recent analyst reports. Wedbush restated an “outperform” rating and set a $95.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Cantor Fitzgerald reissued a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. UBS Group started coverage on Zoom Communications in a research report on Monday, October 20th. They issued a “neutral” rating and a $85.00 target price on the stock. KeyCorp lowered their price target on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a research report on Friday, August 22nd. Finally, Piper Sandler reissued a “neutral” rating and issued a $85.00 price objective on shares of Zoom Communications in a report on Friday, August 22nd. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $92.43.

Insider Activity

In related news, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $628,120.00. Following the sale, the insider owned 132,795 shares in the company, valued at approximately $10,889,190. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michelle Chang sold 33,956 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the completion of the transaction, the chief financial officer owned 20,539 shares of the company’s stock, valued at approximately $1,684,198. This trade represents a 62.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 389,373 shares of company stock worth $32,311,579. 10.78% of the stock is currently owned by corporate insiders.

Zoom Communications Stock Performance

NASDAQ ZM opened at $84.94 on Tuesday. The firm has a market capitalization of $25.70 billion, a P/E ratio of 16.53, a PEG ratio of 7.70 and a beta of 0.81. The stock has a 50-day simple moving average of $82.57 and a two-hundred day simple moving average of $79.73. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $91.04.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.Zoom Communications’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS. Q4 2026 guidance at 1.480-1.490 EPS. As a group, analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Zoom Communications Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.