Zoom Communications, Inc. $ZM Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 64.3% in the 1st quarter, Holdings Channel reports. The fund owned 144,550 shares of the company’s stock after buying an additional 56,550 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Zoom Communications were worth $11,620,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Zoom Communications during the 4th quarter valued at about $509,788,000. AQR Capital Management LLC raised its holdings in shares of Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after buying an additional 3,718,186 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Zoom Communications during the third quarter worth approximately $86,709,000. Vanguard Group Inc. grew its holdings in Zoom Communications by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after buying an additional 1,029,623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Zoom Communications by 46.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock valued at $218,282,000 after acquiring an additional 836,594 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 69,923 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $81.22, for a total value of $5,679,146.06. Following the completion of the sale, the chief executive officer directly owned 36,796 shares of the company’s stock, valued at approximately $2,988,571.12. This represents a 65.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $81.32, for a total transaction of $690,325.48. Following the transaction, the chief financial officer owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. This trade represents a 21.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 156,638 shares of company stock valued at $13,900,194. Corporate insiders own 8.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ZM. Robert W. Baird boosted their price target on Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Citigroup raised their price target on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Benchmark lifted their price objective 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. Jefferies Financial Group upped their price objective on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Cantor Fitzgerald increased their target price 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. Based on data from MarketBeat.com, Zoom Communications has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications Price Performance

ZM opened at $87.14 on Friday. The business has a 50 day moving average price of $96.58 and a two-hundred day moving average price of $88.81. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 4.81 and a beta of 1.01. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued 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 return on equity of 11.87% and a net margin of 41.99%.The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter 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. Equities analysts expect that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.

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.