Twin Capital Management Inc. Acquires New Stake in Zoom Communications, Inc. $ZM

Twin Capital Management Inc. bought a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,267 shares of the company’s stock, valued at approximately $745,000.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Zoom Communications in the fourth quarter worth approximately $509,788,000. AQR Capital Management LLC grew its holdings in Zoom Communications by 43.9% during the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after buying an additional 3,718,186 shares in the last quarter. Two Sigma Investments LP bought a new stake in Zoom Communications in the 3rd quarter worth approximately $86,709,000. Vanguard Group Inc. increased its stake in Zoom Communications by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after acquiring an additional 1,029,623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Zoom Communications by 46.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock worth $218,282,000 after acquiring an additional 836,594 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zoom Communications

In other news, Director Santiago Subotovsky sold 2,637 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $90.15, for a total transaction of $237,725.55. Following the sale, the director directly owned 138,554 shares in the company, valued at $12,490,643.10. This trade represents a 1.87% decrease in their position. 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, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 48,517 shares of company stock worth $5,061,783. 8.83% of the stock is owned by company insiders.

Zoom Communications Price Performance

Shares of ZM opened at $92.92 on Friday. The firm has a market capitalization of $27.25 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 5.11 and a beta of 1.01. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74. The company’s fifty day moving average price is $95.11 and its 200-day moving average price is $88.90.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, research analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Zoom Communications in a research note on Tuesday, June 30th. Weiss Ratings cut shares of Zoom Communications from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Wells Fargo & Company increased their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Morgan Stanley raised their price objective on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Finally, Jefferies Financial Group boosted their target price on Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications 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.