Rockefeller Capital Management L.P. Acquires 389,661 Shares of Zoom Communications, Inc. $ZM

Rockefeller Capital Management L.P. lifted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 9,882.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 393,604 shares of the company’s stock after purchasing an additional 389,661 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Zoom Communications were worth $33,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Zoom Communications by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after acquiring an additional 1,029,623 shares in the last quarter. AQR Capital Management LLC raised its holdings in Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after acquiring an additional 3,718,186 shares in the last quarter. State Street Corp boosted its position in Zoom Communications by 5.0% during the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock valued at $654,331,000 after purchasing an additional 363,776 shares during the last quarter. Norges Bank acquired a new position in Zoom Communications during the fourth quarter valued at approximately $509,788,000. Finally, Geode Capital Management LLC grew its stake in Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after purchasing an additional 152,862 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ZM shares. Sanford C. Bernstein dropped their price objective on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Benchmark raised their target price on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Citigroup boosted their target price on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Mizuho increased their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Finally, Cantor Fitzgerald lifted their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Price Performance

ZM stock opened at $86.36 on Monday. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 4.79 and a beta of 1.01. The business’s fifty day moving average price is $96.64 and its two-hundred day moving average price is $88.92.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company posted $1.43 earnings per share. Zoom Communications’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. Research analysts expect that Zoom Communications, Inc. will post 4.06 EPS for the current year.

Insider Buying and Selling at Zoom Communications

In related news, Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $109.78, for a total value of $578,979.72. Following the completion of the sale, the director directly owned 137,608 shares in the company, valued at approximately $15,106,606.24. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 156,638 shares of company stock valued at $13,900,194 in the last three months. Corporate insiders own 8.83% of the company’s stock.

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.