Westpac Banking Corp Acquires 6,829 Shares of Zoom Communications, Inc. $ZM

Westpac Banking Corp lifted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 39.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,261 shares of the company’s stock after buying an additional 6,829 shares during the quarter. Westpac Banking Corp’s holdings in Zoom Communications were worth $2,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the 4th quarter worth $28,000. Sound Income Strategies LLC grew its position in shares of Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Activest Wealth Management grew its position in shares of Zoom Communications by 4,318.2% during the 4th quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after buying an additional 475 shares in the last quarter. Root Financial Partners LLC grew 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 worth $47,000 after buying an additional 136 shares in the last quarter. Finally, MAI Capital Management grew its position in shares of Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after buying an additional 149 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Transactions at Zoom Communications

In other news, CEO Eric S. Yuan sold 69,923 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $81.22, for a total value of $5,679,146.06. Following the completion of the transaction, the chief executive officer directly owned 36,796 shares in the company, valued at $2,988,571.12. This trade represents a 65.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.58, for a total value of $562,102.92. Following the completion of the transaction, the director owned 142,882 shares of the company’s stock, valued at approximately $15,228,363.56. The trade was a 3.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 147,128 shares of company stock valued at $12,752,354. 11.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ZM has been the topic of a number of recent research reports. Benchmark increased their price target on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. HSBC upped their price objective on Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Finally, Zacks Research cut Zoom Communications from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications Stock Performance

Zoom Communications stock opened at $106.20 on Thursday. The stock has a 50-day moving average of $93.33 and a two-hundred day moving average of $87.92. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74. The stock has a market cap of $31.14 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 6.40 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating 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 company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business posted $1.43 earnings per share. The firm’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. As a group, sell-side analysts predict that Zoom Communications, Inc. will post 3.94 EPS for the current fiscal year.

Key Stories Impacting Zoom Communications

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Zoom recently gained attention after launching ZoomMate, which helped push the stock higher earlier in the week and reinforced investor interest in new AI-related product features. 2 Reasons Why Zoom Stock Popped 10%
• Neutral Sentiment: Zoom also presented at the William Blair Growth Stock Conference, which keeps management visible to investors but does not appear to have produced a major new catalyst on its own. Zoom Communications, Inc. (ZM) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: A recent article questioned the quality of Zoom’s earnings despite solid results, suggesting investors may be looking for stronger long-term growth confirmation before bidding the stock higher. There May Be Underlying Issues With The Quality Of Zoom Communications’ (NASDAQ:ZM) Earnings
• Neutral Sentiment: Director Santiago Subotovsky sold 5,274 shares in a pre-arranged Rule 10b5-1 transaction, a disclosure that can add to short-term caution even though it does not necessarily signal a change in fundamentals. SEC Form 4
• Negative Sentiment: Broader software-stock selling is weighing on Zoom, with the recent decline appearing tied more to sector profit-taking than to a company-specific operational problem. Zoom, monday.com, and SentinelOne Shares Are Falling, What You Need To Know

Zoom Communications 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.