National Pension Service Has $60.76 Million Position in Zoom Communications, Inc. $ZM

National Pension Service cut its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703,933 shares of the company’s stock after selling 8,321 shares during the quarter. National Pension Service owned approximately 0.24% of Zoom Communications worth $60,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZM. Advocate Investing Services LLC bought a new position in shares of Zoom Communications in the fourth quarter valued at $26,000. Strive Financial Group LLC acquired a new stake in Zoom Communications in the fourth quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Zoom Communications by 133.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Rexford Capital Inc. increased its stake in shares of Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after purchasing an additional 122 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Zoom Communications by 83.3% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Up 0.1%

Shares of ZM stock opened at $95.57 on Friday. The stock’s fifty day simple moving average is $96.84 and its 200 day simple moving average is $91.80. The firm has a market capitalization of $27.89 billion, a P/E ratio of 8.85, a P/E/G ratio of 4.42 and a beta of 1.04. Zoom Communications, Inc. has a twelve month low of $70.70 and a twelve month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, equities research analysts expect that Zoom Communications, Inc. will post 4.26 EPS for the current fiscal year.

Insider Activity

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 35,452 shares of the company’s stock, valued at approximately $3,219,041.60. This represents a 19.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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. Also, CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $95.34, for a total value of $1,153,614.00. Following the completion of the transaction, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at approximately $2,192,629.32. This trade represents a 34.47% 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. Insiders have sold 56,108 shares of company stock worth $5,381,876 in the last three months. Corporate insiders own 8.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. UBS Group raised their price target on Zoom Communications from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Bank of America started coverage on shares of Zoom Communications in a research note on Wednesday, August 19th. They set a “buy” rating and a $130.00 target price for the company. KeyCorp reiterated a “sector weight” rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Finally, HSBC raised their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Sixteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.55.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.

Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.