Handelsbanken Fonder AB Has $17.30 Million Holdings in Zoom Communications, Inc. $ZM

Handelsbanken Fonder AB increased its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 6.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,418 shares of the company’s stock after buying an additional 12,457 shares during the period. Handelsbanken Fonder AB owned 0.07% of Zoom Communications worth $17,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ZM. Norges Bank acquired a new stake in Zoom Communications during the 4th quarter worth about $509,788,000. AQR Capital Management LLC lifted its stake in shares of Zoom Communications by 43.9% in the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after purchasing an additional 3,718,186 shares during the period. Atreides Management LP acquired a new position in shares of Zoom Communications in the 1st quarter valued at about $105,761,000. Two Sigma Investments LP bought a new stake in shares of Zoom Communications during the 3rd quarter valued at about $86,709,000. Finally, Vanguard Group Inc. boosted its position in shares of Zoom Communications by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Benchmark lifted their target price on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. BTIG Research increased their price target on Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Cantor Fitzgerald raised their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Jefferies Financial Group raised their price objective on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Mizuho lifted their price objective 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. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Zoom Communications currently has an average rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Stock Down 0.9%

ZM stock opened at $105.13 on Thursday. Zoom Communications, Inc. has a twelve month low of $70.23 and a twelve month high of $114.74. The stock’s 50 day moving average is $92.37 and its 200-day moving average is $90.43. The firm has a market capitalization of $30.83 billion, a PE ratio of 15.44, a P/E/G ratio of 5.69 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter 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. On average, equities research analysts anticipate that Zoom Communications, Inc. will post 4.21 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In related news, Director Santiago Subotovsky sold 7,911 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63. Following the transaction, the director directly owned 127,060 shares in the company, valued at approximately $12,874,989.80. The trade was a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $100.17, for a total transaction of $1,212,057.00. Following the completion of the sale, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at $2,303,709.66. The trade was a 34.47% decrease in their ownership of the stock. 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. Insiders sold a total of 48,511 shares of company stock worth $4,951,666 in the last quarter. 8.83% of the stock is currently owned by corporate insiders.

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.