OVERSEA CHINESE BANKING Corp Ltd Grows Stock Holdings in Zoom Communications, Inc. $ZM

OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 13.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,965 shares of the company’s stock after acquiring an additional 847 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Zoom Communications were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZM. Wayfinding Financial LLC purchased a new position in shares of Zoom Communications during the first quarter worth about $25,000. SouthState Corp purchased a new position in shares of Zoom Communications during the first quarter worth about $25,000. REAP Financial Group LLC grew its holdings in shares of Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after buying an additional 229 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Zoom Communications during the first quarter worth about $31,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Zoom Communications during the second quarter worth about $31,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Up 1.1%

ZM stock opened at $85.17 on Tuesday. The firm has a 50 day moving average of $81.92 and a 200-day moving average of $78.47. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $92.80. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 11.50 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. Zoom Communications’s revenue was up 4.7% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Eric S. Yuan sold 73,383 shares of Zoom Communications stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $82.65, for a total transaction of $6,065,104.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $2,784,392.00. Following the transaction, the chief financial officer owned 20,539 shares of the company’s stock, valued at $1,684,198. This represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 245,617 shares of company stock worth $20,154,365. 10.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ZM has been the topic of a number of research reports. JMP Securities reissued a “market perform” rating on shares of Zoom Communications in a report on Thursday, September 18th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Zoom Communications in a report on Friday, August 22nd. Robert W. Baird lowered their price objective on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. Finally, UBS Group initiated coverage on Zoom Communications in a report on Monday, October 20th. They issued a “neutral” rating and a $85.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.74.

Zoom Communications Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.