Kera Capital Partners Inc. Acquires 6,024 Shares of Zoom Communications, Inc. $ZM

Kera Capital Partners Inc. raised its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 65.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,205 shares of the company’s stock after purchasing an additional 6,024 shares during the period. Kera Capital Partners Inc.’s holdings in Zoom Communications were worth $1,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew 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 valued at $2,327,002,000 after buying an additional 1,029,623 shares in the last quarter. AQR Capital Management LLC lifted 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 in the last quarter. State Street Corp boosted its holdings in shares of Zoom Communications by 5.0% in 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 period. Norges Bank bought a new position in shares of Zoom Communications in the fourth quarter worth $509,788,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after acquiring an additional 152,862 shares during the period. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Stock Performance

Shares of ZM stock opened at $86.36 on Friday. The company has a market capitalization of $25.32 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 4.85 and a beta of 1.01. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $114.74. The business’s fifty day moving average is $96.58 and its 200 day moving average is $88.91.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, sell-side analysts forecast that Zoom Communications, Inc. will post 4.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on ZM shares. HSBC boosted their price objective on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. BTIG Research raised their target price on Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Morgan Stanley lifted their target price on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Needham & Company LLC upped their price target on Zoom Communications from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Citigroup increased their price target on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Zoom Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Insiders Place Their Bets

In related news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $109.78, for a total value of $578,979.72. Following the sale, the director directly owned 137,608 shares of the company’s stock, valued at $15,106,606.24. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total transaction of $653,188.80. Following the completion of the sale, the insider directly owned 141,971 shares in the company, valued at $12,130,002.24. This represents a 5.11% 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. In the last 90 days, insiders have sold 156,638 shares of company stock worth $13,900,194. Insiders own 8.83% of the company’s stock.

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.