Zoom Communications, Inc. $ZM Shares Bought by Kera Capital Partners Inc.

Kera Capital Partners Inc. raised its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 41.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,497 shares of the company’s stock after purchasing an additional 1,895 shares during the period. Kera Capital Partners Inc.’s holdings in Zoom Communications were worth $507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in Zoom Communications by 6.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock valued at $172,000 after purchasing an additional 143 shares in the last quarter. Wynn Capital LLC raised its position in Zoom Communications by 1.6% in the 1st quarter. Wynn Capital LLC now owns 10,194 shares of the company’s stock valued at $752,000 after purchasing an additional 160 shares in the last quarter. New York State Teachers Retirement System raised its position in Zoom Communications by 0.7% in the 1st quarter. New York State Teachers Retirement System now owns 24,298 shares of the company’s stock valued at $1,792,000 after purchasing an additional 171 shares in the last quarter. Siemens Fonds Invest GmbH raised its position in Zoom Communications by 3.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,732 shares of the company’s stock valued at $391,000 after purchasing an additional 174 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Zoom Communications by 19.8% in the 1st quarter. Blue Trust Inc. now owns 1,059 shares of the company’s stock valued at $78,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In related news, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $74.78, for a total transaction of $787,283.84. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at $147,914.84. This trade represents a 84.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $77.17, for a total value of $190,995.75. Following the transaction, the director owned 157,235 shares in the company, valued at $12,133,824.95. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,400 shares of company stock worth $6,871,114 over the last ninety days. 11.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ZM. KeyCorp reduced their price target on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating on the stock in a research report on Friday, August 22nd. Wall Street Zen upgraded Zoom Communications from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 price objective on shares of Zoom Communications in a report on Thursday, May 22nd. Royal Bank Of Canada increased their price objective on Zoom Communications from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Finally, Citigroup increased their price objective on Zoom Communications from $84.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zoom Communications has a consensus rating of “Hold” and a consensus target price of $90.30.

Zoom Communications Stock Down 0.9%

NASDAQ:ZM opened at $83.98 on Friday. The stock’s 50 day moving average price is $76.60 and its 200 day moving average price is $76.57. The company has a market capitalization of $25.41 billion, a PE ratio of 22.16, a P/E/G ratio of 11.93 and a beta of 0.57. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80.

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.