Handelsbanken Fonder AB Boosts Stock Position in Zoom Communications, Inc. $ZM

Handelsbanken Fonder AB raised its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,418 shares of the company’s stock after purchasing an additional 12,457 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zoom Communications were worth $17,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Advocate Investing Services LLC purchased a new stake in Zoom Communications during the fourth quarter worth about $26,000. Strive Financial Group LLC bought a new position in shares of Zoom Communications during the 4th quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Zoom Communications by 133.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Rexford Capital Inc. increased its stake in shares of Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after purchasing an additional 122 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

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, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $100.17, for a total transaction of $1,212,057.00. Following the sale, the chief executive officer owned 22,998 shares of the company’s stock, valued at approximately $2,303,709.66. The trade was a 34.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 48,511 shares of company stock valued at $4,951,666. 8.83% of the stock is owned by corporate insiders.

Zoom Communications Stock Performance

Shares of ZM stock opened at $105.13 on Thursday. Zoom Communications, Inc. has a 52-week low of $70.23 and a 52-week high of $114.74. The company has a market capitalization of $30.83 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 5.69 and a beta of 1.00. The business’s fifty day moving average is $92.37 and its 200 day moving average is $90.43.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, sell-side analysts forecast that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ZM shares. Morgan Stanley upped their price objective on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Jefferies Financial Group upped their price target on Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. BTIG Research lifted their price objective on Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. 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. Finally, Piper Sandler boosted their price objective on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Zoom Communications has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications 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.