National Pension Service Has $60.76 Million Stock Position in Zoom Communications, Inc. $ZM

National Pension Service cut its position in Zoom Communications, Inc. (NASDAQ:ZM) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 703,933 shares of the company’s stock after selling 8,321 shares during the quarter. National Pension Service’s holdings in Zoom Communications were worth $60,756,000 as of its most recent SEC filing.

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

Zoom Communications Stock Performance

Shares of NASDAQ:ZM opened at $95.57 on Friday. The company has a market capitalization of $27.89 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 4.42 and a beta of 1.04. The company’s 50-day moving average is $96.84 and its 200 day moving average is $91.80. Zoom Communications, Inc. has a fifty-two week low of $70.70 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. Zoom Communications’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, research analysts predict that Zoom Communications, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZM. Morgan Stanley raised their price objective on shares of Zoom Communications from $105.00 to $107.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. BTIG Research reissued a “buy” rating and issued a $125.00 price objective on shares of Zoom Communications in a research note on Monday, August 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Zoom Communications in a research report on Wednesday, August 26th. Sanford C. Bernstein reissued a “market perform” rating and issued a $108.00 price target on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, Robert W. Baird lifted their price objective on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Sixteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.55.

Insider Buying and Selling

In other news, CEO Eric Yuan sold 12,100 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $95.34, for a total value of $1,153,614.00. Following the completion of the transaction, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at $2,192,629.32. This trade represents a 34.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 2,590 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $95.81, for a total transaction of $248,147.90. Following the completion of the sale, the insider directly owned 149,265 shares in the company, valued at approximately $14,301,079.65. The trade was a 1.71% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 56,108 shares of company stock worth $5,381,876. Insiders own 8.83% of the company’s stock.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ: ZM) is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.

Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.