OMERS ADMINISTRATION Corp Reduces Stock Position in Zoom Communications, Inc. $ZM

OMERS ADMINISTRATION Corp cut its position in Zoom Communications, Inc. (NASDAQ:ZM) by 34.0% during the first quarter, Holdings Channel reports. The firm owned 12,820 shares of the company’s stock after selling 6,591 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Zoom Communications were worth $1,031,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in 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 buying an additional 1,029,623 shares during the last quarter. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 3,718,186 shares during the last quarter. State Street Corp grew its position in Zoom Communications by 5.0% during the 4th quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after purchasing an additional 363,776 shares during the period. Norges Bank purchased a new position in shares of Zoom Communications during the 4th quarter valued at about $509,788,000. Finally, Geode Capital Management LLC boosted its stake in shares of Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after buying an additional 152,862 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Down 0.1%

Shares of ZM opened at $92.32 on Friday. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74. The stock has a market cap of $27.07 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 4.95 and a beta of 1.01. The firm’s fifty day moving average is $92.80 and its two-hundred day moving average is $89.17.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results 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 firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last 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, research analysts anticipate that Zoom Communications, Inc. will post 4.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $90.80, for a total transaction of $770,801.20. Following the transaction, the chief financial officer directly owned 35,452 shares in the company, valued at $3,219,041.60. The trade was a 19.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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, Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction that occurred on 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. This represents a 3.69% decrease in their position. 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 45,874 shares of company stock valued at $4,789,950 in the last ninety days. 8.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley lifted their price target on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a report on Thursday, July 2nd. Wells Fargo & Company upped their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 target price on shares of Zoom Communications in a research report on Tuesday, June 30th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Zoom Communications in a report on Thursday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Zoom Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

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.