10,879 Shares in Zoom Communications, Inc. $ZM Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,879 shares of the company’s stock, valued at approximately $939,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of Zoom Communications by 23.4% in the third quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after purchasing an additional 1,607,253 shares during the period. Two Sigma Investments LP acquired a new position in shares of Zoom Communications during the 3rd quarter worth about $86,709,000. Vanguard Group Inc. raised its position in shares of Zoom Communications by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after purchasing an additional 986,164 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Zoom Communications by 54.4% in the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock valued at $222,353,000 after buying an additional 949,829 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Zoom Communications by 46.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock worth $218,282,000 after buying an additional 836,594 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Zoom Communications Price Performance

ZM opened at $80.70 on Thursday. The firm has a market capitalization of $23.78 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 4.60 and a beta of 0.93. The company’s 50 day simple moving average is $83.83 and its two-hundred day simple moving average is $84.05. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $97.58.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results 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). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company earned $1.41 earnings per share. Zoom Communications’s revenue for the quarter was up 5.3% on a year-over-year basis. 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, equities analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Michelle Chang sold 8,417 shares of Zoom Communications stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the transaction, the chief financial officer owned 25,482 shares in the company, valued at $2,205,212.28. The trade was a 24.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total transaction of $191,614.50. Following the transaction, the director directly owned 153,442 shares in the company, valued at approximately $11,879,479.64. The trade was a 1.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 109,706 shares of company stock worth $9,299,555 over the last quarter. Corporate insiders own 11.51% of the company’s stock.

Analyst Ratings Changes

ZM has been the subject of several research reports. Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Benchmark dropped their price target on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. KeyCorp increased their price objective on Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Zoom Communications currently has an average rating of “Hold” and a consensus target price 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.