Legal & General Group Plc Acquires 11,342 Shares of Zoom Communications, Inc. $ZM

Legal & General Group Plc boosted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,016,483 shares of the company’s stock after acquiring an additional 11,342 shares during the period. Legal & General Group Plc’s holdings in Zoom Communications were worth $174,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New York State Teachers Retirement System grew its holdings in Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after acquiring an additional 123 shares in the last quarter. MAI Capital Management increased its holdings in shares of Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after acquiring an additional 149 shares during the period. Harrington Investments INC raised its position in shares of Zoom Communications by 1.1% in the 4th quarter. Harrington Investments INC now owns 16,174 shares of the company’s stock worth $1,396,000 after acquiring an additional 169 shares in the last quarter. Brookstone Capital Management raised its position in shares of Zoom Communications by 2.2% in the 4th quarter. Brookstone Capital Management now owns 8,024 shares of the company’s stock worth $692,000 after acquiring an additional 170 shares in the last quarter. Finally, Moran Wealth Management LLC raised its position in shares of Zoom Communications by 0.5% in the 4th quarter. Moran Wealth Management LLC now owns 36,232 shares of the company’s stock worth $3,126,000 after acquiring an additional 177 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Price Performance

Shares of ZM stock opened at $99.96 on Thursday. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $113.73. The stock’s fifty day moving average price is $90.37 and its 200 day moving average price is $87.12. The company has a market cap of $29.46 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 5.73 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last announced its 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. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’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. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

Wall Street Analyst Weigh In

ZM has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Argus raised Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Sanford C. Bernstein reduced their price target on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Rosenblatt Securities boosted their price target on Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Needham & Company LLC boosted their price target on Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.15.

Insider Buying and Selling at Zoom Communications

In other news, CEO Eric S. Yuan sold 12,100 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at $173,312.36. This represents a 86.69% decrease in their ownership of the stock. 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 quarter, insiders have sold 144,329 shares of company stock worth $12,364,989. 11.51% of the stock is owned by corporate 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.