Mitsubishi UFJ Asset Management Co. Ltd. Has $16.85 Million Holdings in Zoom Communications, Inc. $ZM

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Zoom Communications, Inc. (NASDAQ:ZM) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,049 shares of the company’s stock after purchasing an additional 14,850 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Zoom Communications worth $16,848,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. SouthState Corp acquired a new position in Zoom Communications in the 1st quarter valued at $25,000. REAP Financial Group LLC grew its stake in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after acquiring an additional 229 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Zoom Communications in the second quarter valued at about $31,000. GKV Capital Management Co. Inc. bought a new position in Zoom Communications during the first quarter worth about $31,000. Finally, Brooklyn Investment Group raised its stake in Zoom Communications by 277.8% in the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock worth $33,000 after purchasing an additional 325 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZM has been the topic of a number of analyst reports. Robert W. Baird decreased their target price on shares of Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. Stifel Nicolaus raised their price objective on Zoom Communications from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Zoom Communications in a report on Tuesday, October 14th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Finally, KeyCorp cut their price objective on shares of Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $91.96.

Zoom Communications Stock Up 1.7%

Shares of ZM stock opened at $84.59 on Wednesday. The business has a fifty day simple moving average of $83.09 and a 200 day simple moving average of $79.44. The company has a market cap of $25.59 billion, a P/E ratio of 22.32, a P/E/G ratio of 11.35 and a beta of 0.79. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company posted $1.39 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $84.15, for a total transaction of $208,271.25. Following the sale, the director owned 150,169 shares of the company’s stock, valued at $12,636,721.35. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $2,784,392.00. Following the completion of the transaction, the chief financial officer directly owned 20,539 shares of the company’s stock, valued at approximately $1,684,198. The trade was a 62.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 321,470 shares of company stock valued at $26,684,150. Corporate insiders own 10.78% of the company’s stock.

About Zoom Communications

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.