Y Intercept Hong Kong Ltd Reduces Stake in Zoom Communications, Inc. $ZM

Y Intercept Hong Kong Ltd reduced its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 79.9% during the 1st quarter, HoldingsChannel reports. The fund owned 5,803 shares of the company’s stock after selling 23,136 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Zoom Communications were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZM. NewEdge Advisors LLC lifted its stake in shares of Zoom Communications by 16.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after purchasing an additional 1,153 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Zoom Communications by 59.1% in the 1st quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after purchasing an additional 6,235 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Zoom Communications by 82.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after purchasing an additional 397 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Zoom Communications during the 2nd quarter valued at approximately $217,000. Finally, Invesco Ltd. raised its holdings in Zoom Communications by 7.0% during the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after buying an additional 47,749 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZM. Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 price target on shares of Zoom Communications in a research report on Tuesday, June 30th. Weiss Ratings cut shares of Zoom Communications from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. KeyCorp raised shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Robert W. Baird raised their target price on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Thursday, July 2nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.33.

Insider Activity at Zoom Communications

In related news, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the transaction, the chief financial officer owned 35,452 shares of the company’s stock, valued at $3,219,041.60. This trade represents a 19.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.60, for a total transaction of $1,289,860.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 66,434 shares of company stock valued at $6,630,161. Company insiders own 8.83% of the company’s stock.

Zoom Communications Stock Down 0.8%

ZM opened at $91.15 on Wednesday. The business has a fifty day moving average of $95.67 and a 200 day moving average of $88.83. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74. The stock has a market cap of $26.73 billion, a P/E ratio of 13.38, a PEG ratio of 5.07 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. Equities analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.

Zoom Communications Company Profile

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.