Pacer Advisors Inc. Has $222.35 Million Stake in Zoom Communications, Inc. $ZM

Pacer Advisors Inc. boosted its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 54.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,695,193 shares of the company’s stock after purchasing an additional 949,829 shares during the period. Pacer Advisors Inc. owned about 0.89% of Zoom Communications worth $222,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC bought a new position in shares of Zoom Communications in the 2nd quarter valued at about $27,000. REAP Financial Group LLC raised its holdings in Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after acquiring an additional 229 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Zoom Communications during the first quarter valued at approximately $31,000. FNY Investment Advisers LLC bought a new position in Zoom Communications in the second quarter valued at approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Zoom Communications by 44.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Insider Transactions at Zoom Communications

In related news, COO Aparna Bawa sold 10,528 shares of the company’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $79.77, for a total value of $839,818.56. Following the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $157,785.06. This represents a 84.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michelle Chang sold 33,956 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the transaction, the chief financial officer directly owned 20,539 shares in the company, valued at approximately $1,684,198. This represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 462,751 shares of company stock worth $38,730,439 over the last quarter. 11.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ZM has been the subject of several recent analyst reports. Benchmark increased their price objective on Zoom Communications from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Stifel Nicolaus increased their price target on shares of Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, September 18th. BTIG Research assumed coverage on shares of Zoom Communications in a research report on Tuesday, December 16th. They issued a “buy” rating and a $105.00 price objective for the company. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Finally, Dbs Bank raised shares of Zoom Communications to a “moderate buy” rating in a report on Tuesday, September 16th. Twelve research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.00.

Zoom Communications Stock Up 0.3%

Shares of ZM stock opened at $87.46 on Friday. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $91.43. The company has a market capitalization of $25.90 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 7.89 and a beta of 0.81. The firm has a 50 day moving average price of $84.92 and a two-hundred day moving average price of $80.61.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. As a group, research analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

About Zoom Communications

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.