KBC Group NV Purchases 487,384 Shares of Zoom Communications, Inc. $ZM

KBC Group NV boosted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 69.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,193,027 shares of the company’s stock after purchasing an additional 487,384 shares during the period. KBC Group NV’s holdings in Zoom Communications were worth $95,907,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ZM. Vanguard Group Inc. lifted its holdings 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 worth $2,327,002,000 after acquiring an additional 1,029,623 shares during the period. AQR Capital Management LLC increased its stake in Zoom Communications by 43.9% in 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 acquiring an additional 3,718,186 shares during the last quarter. State Street Corp increased its stake in Zoom Communications by 5.0% in the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock valued at $654,331,000 after acquiring an additional 363,776 shares during the last quarter. Norges Bank acquired a new position in Zoom Communications during the fourth quarter valued at approximately $509,788,000. Finally, Geode Capital Management LLC raised its position in Zoom Communications by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after purchasing an additional 152,862 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.60, for a total value of $1,289,860.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $109.78, for a total value of $578,979.72. Following the completion of the sale, the director directly owned 137,608 shares of the company’s stock, valued at approximately $15,106,606.24. The trade was a 3.69% 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. In the last three months, insiders have sold 48,517 shares of company stock valued at $5,061,783. 8.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ZM shares. Morgan Stanley raised their target price on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Cantor Fitzgerald boosted their price target on Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Benchmark upped their price objective on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Zoom Communications in a research note on Tuesday, June 30th. Finally, HSBC lifted their target price on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Fifteen 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 a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications Stock Performance

ZM stock opened at $91.13 on Monday. The company has a market capitalization of $26.72 billion, a P/E ratio of 13.38, a PEG ratio of 4.86 and a beta of 1.01. The company has a fifty day moving average price of $94.75 and a 200-day moving average price of $88.93. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. Zoom Communications’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 earnings per share. 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. As a group, sell-side analysts forecast that Zoom Communications, Inc. will post 4.23 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.