Mitsubishi UFJ Asset Management Co. Ltd. Has $21.35 Million Holdings in Zoom Communications, Inc. $ZM

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,249 shares of the company’s stock after buying an additional 17,496 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Zoom Communications were worth $21,351,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System increased its holdings in Zoom Communications by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after purchasing an additional 123 shares during the period. MAI Capital Management increased its holdings in Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after purchasing an additional 149 shares during the period. Harrington Investments INC increased its holdings in Zoom Communications by 1.1% in the fourth quarter. Harrington Investments INC now owns 16,174 shares of the company’s stock valued at $1,396,000 after purchasing an additional 169 shares during the period. Brookstone Capital Management increased its holdings in Zoom Communications by 2.2% in the fourth quarter. Brookstone Capital Management now owns 8,024 shares of the company’s stock valued at $692,000 after purchasing an additional 170 shares during the period. Finally, Moran Wealth Management LLC increased its holdings in Zoom Communications by 0.5% in the fourth quarter. Moran Wealth Management LLC now owns 36,232 shares of the company’s stock valued at $3,126,000 after purchasing an additional 177 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Price Performance

ZM stock opened at $109.21 on Friday. The stock has a market capitalization of $32.18 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 6.25 and a beta of 1.00. The company’s 50-day moving average is $83.24 and its 200-day moving average is $85.37. Zoom Communications, Inc. has a 1 year low of $69.15 and a 1 year high of $109.50.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.Zoom Communications’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.41 EPS. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, analysts anticipate that Zoom Communications, Inc. will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Santiago Subotovsky sold 5,274 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $106.58, for a total value of $562,102.92. Following the sale, the director owned 142,882 shares in the company, valued at $15,228,363.56. This represents a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $106.60, for a total transaction of $1,289,860.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 144,329 shares of company stock worth $12,364,989 over the last ninety days. Insiders own 11.51% of the company’s stock.

Wall Street Analyst Weigh In

ZM has been the subject of a number of recent research reports. Citigroup upgraded Zoom Communications from a “neutral” rating to a “buy” rating and increased their price objective for the company from $94.00 to $106.00 in a report on Monday, January 12th. Benchmark cut their price target on shares of Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research report on Tuesday, February 24th. Argus raised shares of Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Finally, Sanford C. Bernstein cut their price target on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Fourteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $95.32.

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.