WINTON GROUP Ltd Takes $6.67 Million Position in Zoom Communications, Inc. $ZM

WINTON GROUP Ltd bought a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 77,249 shares of the company’s stock, valued at approximately $6,667,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZM. Kestra Advisory Services LLC grew its holdings in Zoom Communications by 2.0% during the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after buying an additional 116 shares in the last quarter. 3Chopt Investment Partners LLC raised its holdings in shares of Zoom Communications by 1.6% during the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after acquiring an additional 119 shares in the last quarter. Rexford Capital Inc. raised its holdings 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 acquiring an additional 122 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after acquiring an additional 136 shares during the last quarter. Finally, Prudential PLC boosted its position in shares of Zoom Communications by 5.7% during the 4th quarter. Prudential PLC now owns 3,040 shares of the company’s stock valued at $262,000 after acquiring an additional 164 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ZM. Weiss Ratings upgraded shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 27th. Piper Sandler increased their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. HSBC lifted their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Zoom Communications in a report on Friday, August 21st. Finally, KeyCorp reiterated a “sector weight” rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Zoom Communications presently has a consensus rating of “Moderate Buy” and an average price target of $112.55.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $96.18 on Thursday. The firm has a market capitalization of $28.06 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 4.46 and a beta of 1.04. The business has a 50 day simple moving average of $96.51 and a two-hundred day simple moving average of $91.73. Zoom Communications, Inc. has a 1 year low of $70.70 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company earned $1.53 EPS. Zoom Communications’s quarterly revenue was up 4.9% compared to the same quarter last year. 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. Equities research analysts expect that Zoom Communications, Inc. will post 4.26 EPS for the current fiscal year.

Insider Activity at Zoom Communications

In other Zoom Communications news, CEO Eric Yuan sold 12,100 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $95.34, for a total value of $1,153,614.00. Following the completion of the sale, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at $2,192,629.32. The trade was a 34.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 7,911 shares of Zoom Communications stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63. Following the sale, the director directly owned 127,060 shares of the company’s stock, valued at $12,874,989.80. This represents a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 50,881 shares of company stock worth $4,878,914. 8.83% of the stock is currently owned by corporate insiders.

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.