Motley Fool Asset Management LLC Increases Stock Position in Zoom Communications, Inc. $ZM

Motley Fool Asset Management LLC raised its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 35.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,909 shares of the company’s stock after purchasing an additional 7,306 shares during the period. Motley Fool Asset Management LLC’s holdings in Zoom Communications were worth $2,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZM. Toth Financial Advisory Corp purchased a new position in Zoom Communications during the fourth quarter valued at $28,000. Sound Income Strategies LLC lifted its position in Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after buying an additional 200 shares during the period. Activest Wealth Management lifted its position in Zoom Communications by 4,318.2% during the fourth quarter. Activest Wealth Management now owns 486 shares of the company’s stock valued at $42,000 after buying an additional 475 shares during the period. Root Financial Partners LLC lifted its position in Zoom Communications by 33.5% during the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after buying an additional 136 shares during the period. Finally, MAI Capital Management lifted its position in Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insiders Place Their Bets

In related news, COO Aparna Bawa sold 12,886 shares of Zoom Communications stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $173,312.36. This trade represents a 86.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 dated 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 over the last quarter. Corporate insiders own 11.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler raised their price objective on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Wall Street Zen downgraded Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Benchmark raised their price target on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Zacks Research downgraded Zoom Communications from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, KeyCorp upgraded Zoom Communications from an “underweight” rating to a “sector 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 company. Based on data from MarketBeat, Zoom Communications has an average rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $93.96 on Thursday. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74. The business has a fifty day moving average price of $95.51 and a 200-day moving average price of $88.57. The company has a market capitalization of $27.55 billion, a PE ratio of 13.80, a PEG ratio of 5.37 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Thursday, May 21st. The company reported $1.55 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 company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $1.43 EPS. Zoom Communications’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. On average, sell-side analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

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.