Ieq Capital LLC Has $72.27 Million Stock Position in Zoom Communications, Inc. $ZM

Ieq Capital LLC increased its position in Zoom Communications, Inc. (NASDAQ:ZM) by 77.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 837,548 shares of the company’s stock after acquiring an additional 366,346 shares during the period. Ieq Capital LLC’s holdings in Zoom Communications were worth $72,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position 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 buying an additional 1,029,623 shares during the period. AQR Capital Management LLC grew its position in shares of Zoom Communications by 23.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after buying an additional 1,607,253 shares during the period. State Street Corp grew its position in shares of Zoom Communications by 0.4% during the 3rd quarter. State Street Corp now owns 7,219,148 shares of the company’s stock worth $595,580,000 after buying an additional 29,647 shares during the period. Norges Bank acquired a new position in shares of Zoom Communications during the 4th quarter worth about $509,788,000. Finally, Geode Capital Management LLC grew its position in shares of Zoom Communications by 3.1% during the 4th 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 period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Stock Up 1.5%

NASDAQ:ZM opened at $93.68 on Friday. The stock’s 50 day moving average price is $96.00 and its two-hundred day moving average price is $88.70. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $114.74. The firm has a market capitalization of $27.47 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 5.12 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 analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. 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, analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $106.58, for a total value of $562,102.92. Following the transaction, the director directly owned 142,882 shares of the company’s stock, valued at $15,228,363.56. This represents a 3.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the sale, the insider directly owned 141,971 shares in the company, valued at approximately $12,130,002.24. This trade represents a 5.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 156,638 shares of company stock worth $13,900,194. 11.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ZM shares. Cantor Fitzgerald boosted their target price on Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Argus upgraded Zoom Communications to a “hold” rating in a report on Monday, March 9th. Sanford C. Bernstein cut their price objective on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Mizuho lifted their price objective on Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Finally, HSBC lifted their price objective on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.