Zoom Communications, Inc. $ZM Stock: TB Alternative Assets Ltd. Lowers Holdings

TB Alternative Assets Ltd. decreased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,112 shares of the company’s stock after selling 60,112 shares during the quarter. Zoom Communications makes up 1.1% of TB Alternative Assets Ltd.’s portfolio, making the stock its 18th biggest position. TB Alternative Assets Ltd.’s holdings in Zoom Communications were worth $5,456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Hsbc Holdings PLC increased its position in Zoom Communications by 43.6% in the 4th quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock valued at $36,460,000 after acquiring an additional 128,174 shares during the period. Tidal Investments LLC boosted its position in Zoom Communications by 251.2% during the 2nd quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock worth $10,655,000 after acquiring an additional 88,303 shares during the period. Altshuler Shaham Ltd boosted its position in Zoom Communications by 1.2% during the 4th quarter. Altshuler Shaham Ltd now owns 2,043,218 shares of the company’s stock worth $176,309,000 after acquiring an additional 24,246 shares during the period. Bull Harbor Capital LLC acquired a new position in Zoom Communications during the 1st quarter worth $939,000. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Zoom Communications by 7.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,637,903 shares of the company’s stock worth $400,205,000 after purchasing an additional 341,104 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In other Zoom Communications news, Director Herbert Raymond Mcmaster sold 3,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $94.71, for a total value of $284,130.00. Following the completion of the sale, the director owned 8,479 shares in the company, valued at $803,046.09. This represents a 26.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $93.74, for a total value of $1,134,254.00. Following the sale, the chief executive officer owned 22,998 shares of the company’s stock, valued at approximately $2,155,832.52. This represents a 34.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 71,209 shares of company stock worth $6,938,989. Insiders own 8.83% of the company’s stock.

Analysts Set New Price Targets

ZM has been the topic of a number of research analyst reports. Sanford C. Bernstein reissued a “market perform” rating and set a $108.00 price target on shares of Zoom Communications in a report on Wednesday, August 26th. BTIG Research reiterated a “buy” rating and issued a $125.00 target price on shares of Zoom Communications in a research report on Monday, August 24th. Jefferies Financial Group lowered their target price on shares of Zoom Communications from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Bank of America initiated coverage on shares of Zoom Communications in a research report on Wednesday, August 19th. They set a “buy” rating and a $130.00 price target on the stock. Finally, Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Fourteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.62.

Zoom Communications Price Performance

ZM stock opened at $98.51 on Friday. Zoom Communications, Inc. has a 12 month low of $70.70 and a 12 month high of $114.74. The firm has a market cap of $28.74 billion, a PE ratio of 26.02, a P/E/G ratio of 4.36 and a beta of 1.03. The firm has a 50 day simple moving average of $97.45 and a 200 day simple moving average of $94.53.

Zoom Communications (NASDAQ:ZM) last posted 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 firm had revenue of $1.28 billion for 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%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. 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, sell-side analysts expect that Zoom Communications, Inc. will post 4.27 earnings per share for the current year.

Zoom Communications Company Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.