Zoom Communications, Inc. $ZM Shares Sold by Evergreen Quality Fund GP Ltd.

Evergreen Quality Fund GP Ltd. cut its position in Zoom Communications, Inc. (NASDAQ:ZM) by 19.6% in the fourth quarter, Holdings Channel reports. The firm owned 1,028,600 shares of the company’s stock after selling 250,000 shares during the period. Zoom Communications accounts for approximately 1.8% of Evergreen Quality Fund GP Ltd.’s holdings, making the stock its 14th biggest position. Evergreen Quality Fund GP Ltd.’s holdings in Zoom Communications were worth $88,758,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ZM. Vanguard Group Inc. lifted its stake in Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after buying an additional 1,029,623 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after acquiring an additional 3,718,186 shares during the last quarter. State Street Corp grew its position in shares of Zoom Communications by 5.0% during the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after acquiring an additional 363,776 shares during the last quarter. Norges Bank acquired a new position in shares of Zoom Communications in the 4th quarter valued at $509,788,000. Finally, Geode Capital Management LLC raised its position in Zoom Communications by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after purchasing an additional 152,862 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of recent research reports. Needham & Company LLC increased their price target on shares of Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Royal Bank Of Canada upped their target price on shares of Zoom Communications from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Morgan Stanley boosted their price target on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Finally, Rosenblatt Securities upped their price objective on Zoom Communications from $115.00 to $130.00 and gave the company a “buy” rating in a research note 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 MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Insider Activity at Zoom Communications

In other news, COO Aparna Bawa sold 12,886 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. This represents a 86.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $81.32, for a total value of $690,325.48. Following the completion of the sale, the chief financial officer directly owned 30,467 shares of the company’s stock, valued at $2,477,576.44. This represents a 21.79% 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. Insiders have sold a total of 156,638 shares of company stock worth $13,900,194 in the last three months. 8.83% of the stock is currently owned by corporate insiders.

Zoom Communications Stock Performance

ZM stock opened at $87.39 on Thursday. The stock has a market capitalization of $25.63 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 5.11 and a beta of 1.01. The company has a fifty day moving average of $96.53 and a 200-day moving average of $88.90. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities analysts forecast that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

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.