Elo Mutual Pension Insurance Co Sells 2,953 Shares of Zoom Communications, Inc. $ZM

Elo Mutual Pension Insurance Co lessened its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 6.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 40,942 shares of the company’s stock after selling 2,953 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Zoom Communications were worth $3,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. SouthState Corp bought a new stake in Zoom Communications in the 1st quarter valued at $25,000. REAP Financial Group LLC grew its position in shares of Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after purchasing an additional 229 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Zoom Communications in the first quarter worth about $31,000. FNY Investment Advisers LLC bought a new stake in shares of Zoom Communications in the second quarter worth about $31,000. Finally, Brooklyn Investment Group lifted its position in shares of Zoom Communications by 277.8% in the first quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock worth $33,000 after buying an additional 325 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Down 2.2%

Zoom Communications stock opened at $84.43 on Thursday. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $91.04. The firm has a 50-day moving average price of $82.57 and a 200-day moving average price of $79.72. The firm has a market capitalization of $25.54 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 11.72 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.33%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. 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, sell-side analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZM has been the subject of several research analyst reports. Zacks Research cut Zoom Communications from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Zoom Communications in a research note on Monday. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of Zoom Communications in a research note on Tuesday. Benchmark boosted their target price on shares of Zoom Communications from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Finally, Wells Fargo & Company started coverage on shares of Zoom Communications in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price target for the company. Ten research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Zoom Communications presently has an average rating of “Hold” and an average target price of $92.43.

Insider Transactions at Zoom Communications

In other Zoom Communications news, COO Aparna Bawa sold 10,528 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the transaction, the chief operating officer owned 1,978 shares of the company’s stock, valued at $157,785.06. This represents a 84.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $84.15, for a total value of $208,271.25. Following the sale, the director owned 150,169 shares of the company’s stock, valued at approximately $12,636,721.35. This trade represents a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 389,373 shares of company stock valued at $32,311,579. Company insiders own 11.51% of the company’s stock.

Zoom Communications Company 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.