Mitsubishi UFJ Trust & Banking Corp Has $27.62 Million Stock Holdings in Zoom Communications, Inc. $ZM

Mitsubishi UFJ Trust & Banking Corp decreased its position in Zoom Communications, Inc. (NASDAQ:ZM) by 6.3% during the 3rd quarter, Holdings Channel reports. The firm owned 334,770 shares of the company’s stock after selling 22,429 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Zoom Communications were worth $27,619,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ZM. Vanguard Group Inc. lifted its holdings in Zoom Communications by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company’s stock valued at $1,945,713,000 after purchasing an additional 154,783 shares during the last quarter. State Street Corp raised its stake in shares of Zoom Communications by 6.0% in the second quarter. State Street Corp now owns 7,189,501 shares of the company’s stock valued at $560,637,000 after acquiring an additional 410,051 shares during the last quarter. Norges Bank bought a new position in shares of Zoom Communications in the second quarter valued at approximately $539,998,000. Geode Capital Management LLC boosted its holdings in shares of Zoom Communications by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock worth $373,504,000 after acquiring an additional 23,910 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Zoom Communications by 41.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after acquiring an additional 1,097,333 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Trading Up 1.3%

Shares of NASDAQ:ZM opened at $85.78 on Monday. The stock has a market capitalization of $25.40 billion, a P/E ratio of 16.69, a P/E/G ratio of 7.71 and a beta of 0.87. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $91.43. The business has a 50-day moving average price of $85.27 and a two-hundred day moving average price of $81.66.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company earned $1.38 EPS. Zoom Communications’s revenue was up 4.4% on a year-over-year basis. 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, equities analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analysts Set New Price Targets

ZM has been the subject of several research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $90.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Wells Fargo & Company assumed coverage on Zoom Communications in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price target for the company. BTIG Research started coverage on shares of Zoom Communications in a research report on Tuesday, December 16th. They set a “buy” rating and a $105.00 price target on the stock. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.82.

Insider Activity at Zoom Communications

In related news, insider Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.55, for a total transaction of $655,010.40. Following the completion of the sale, the insider directly owned 136,182 shares of the company’s stock, valued at $11,786,552.10. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $86.01, for a total value of $212,874.75. Following the completion of the sale, the director owned 145,219 shares of the company’s stock, valued at $12,490,286.19. This represents a 1.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 317,745 shares of company stock worth $27,002,595. 10.78% of the stock is owned by company insiders.

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.