Moran Wealth Management LLC Grows Stake in Zoom Communications, Inc. $ZM

Moran Wealth Management LLC lifted its position in Zoom Communications, Inc. (NASDAQ:ZM) by 197.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,601 shares of the company’s stock after purchasing an additional 71,369 shares during the quarter. Moran Wealth Management LLC’s holdings in Zoom Communications were worth $8,650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZM. PFG Investments LLC bought a new position in Zoom Communications in the 1st quarter worth about $230,000. New York State Teachers Retirement System boosted its position in shares of Zoom Communications by 1.9% during the 1st quarter. New York State Teachers Retirement System now owns 24,713 shares of the company’s stock valued at $1,987,000 after acquiring an additional 450 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Zoom Communications by 13.5% during the first quarter. Private Advisor Group LLC now owns 5,703 shares of the company’s stock worth $458,000 after purchasing an additional 679 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Zoom Communications by 64.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 144,550 shares of the company’s stock worth $11,620,000 after purchasing an additional 56,550 shares in the last quarter. Finally, Root Financial Partners LLC increased its position in shares of Zoom Communications by 97.2% in the first quarter. Root Financial Partners LLC now owns 1,069 shares of the company’s stock worth $86,000 after purchasing an additional 527 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $87.14 on Friday. The stock has a market cap of $25.55 billion, a PE ratio of 12.80, a PEG ratio of 4.81 and a beta of 1.01. The company’s fifty day moving average is $96.58 and its 200 day moving average is $88.81. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (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 during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. 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. Sell-side analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Santiago Subotovsky sold 5,274 shares of the firm’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 transaction of $578,979.72. Following the transaction, the director directly owned 137,608 shares in the company, valued at $15,106,606.24. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 156,638 shares of company stock worth $13,900,194. Insiders own 8.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. BTIG Research increased their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Wells Fargo & Company raised their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, Morgan Stanley lifted their price objective on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Fifteen investment 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 an average rating of “Moderate Buy” and an average price target of $109.33.

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.