Kestra Private Wealth Services LLC Decreases Stake in Zoom Communications, Inc. $ZM

Kestra Private Wealth Services LLC cut its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 58.8% during the first quarter, HoldingsChannel.com reports. The firm owned 4,734 shares of the company’s stock after selling 6,751 shares during the period. Kestra Private Wealth Services LLC’s holdings in Zoom Communications were worth $381,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ZM. Allianz Asset Management GmbH lifted its position in shares of Zoom Communications by 15.6% during the 4th quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock valued at $182,315,000 after acquiring an additional 285,626 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Zoom Communications by 43.6% in the 4th quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after acquiring an additional 128,174 shares during the period. Sherry Group Inc. acquired a new stake in shares of Zoom Communications in the 4th quarter worth approximately $894,000. Boston Common Asset Management LLC purchased a new position in Zoom Communications in the 4th quarter valued at approximately $2,163,000. Finally, Geode Capital Management LLC increased its stake in Zoom Communications by 3.1% in the 4th 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. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Activity

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,645 shares of the business’s 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 completion of the transaction, the insider directly owned 141,971 shares in the company, valued at approximately $12,130,002.24. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 on Monday, June 1st. The stock was sold at an average price of $109.78, for a total value of $578,979.72. Following the transaction, the director directly owned 137,608 shares in the company, 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 sold a total of 156,638 shares of company stock valued at $13,900,194 over the last quarter. Insiders own 8.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ZM shares. Wells Fargo & Company boosted their target price on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. KeyCorp upgraded Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Benchmark lifted their price target on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Rosenblatt Securities boosted their price objective on shares of Zoom Communications from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Piper Sandler boosted their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.33.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $87.14 on Friday. The company has a market cap of $25.55 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 4.81 and a beta of 1.01. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The company has a 50-day simple moving average of $96.58 and a 200-day simple moving average of $88.81.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates 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 was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current year.

Zoom Communications Company 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.