Handelsbanken Fonder AB Lowers Stock Holdings in Zoom Communications, Inc. $ZM

Handelsbanken Fonder AB lowered its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 793,836 shares of the company’s stock after selling 165,674 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zoom Communications were worth $68,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZM. Toth Financial Advisory Corp purchased a new position in shares of Zoom Communications during the fourth quarter worth about $28,000. Root Financial Partners LLC purchased a new position in shares of Zoom Communications during the third quarter worth about $33,000. Sound Income Strategies LLC grew its holdings in shares of Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Cloud Capital Management LLC purchased a new position in shares of Zoom Communications during the third quarter worth about $42,000. Finally, Activest Wealth Management grew its holdings in shares of Zoom Communications by 4,318.2% during the fourth quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of Zoom Communications from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday. Wolfe Research upgraded shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Thursday, February 5th. Rosenblatt Securities restated a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research downgraded shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Fourteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zoom Communications presently has a consensus rating of “Hold” and a consensus price target of $96.57.

Zoom Communications Stock Performance

ZM stock opened at $98.87 on Tuesday. The stock has a market capitalization of $29.13 billion, a P/E ratio of 15.95, a PEG ratio of 5.73 and a beta of 1.00. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $111.56. The company has a 50 day moving average price of $86.89 and a two-hundred day moving average price of $86.31.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Research analysts forecast that Zoom Communications, Inc. will post 3.94 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $81.32, for a total value of $690,325.48. Following the completion of the sale, the chief financial officer directly owned 30,467 shares of the company’s stock, valued at approximately $2,477,576.44. The trade was a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, insider Velchamy Sankarlingam sold 7,645 shares of Zoom Communications stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the sale, the insider directly owned 141,971 shares of the company’s stock, valued at $12,130,002.24. The trade was a 5.11% 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 144,329 shares of company stock worth $12,364,989 in the last three months. 10.78% of the stock is currently owned by company 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.