Empowered Funds LLC Raises Stock Holdings in Zoom Communications, Inc. $ZM

Empowered Funds LLC boosted its position in Zoom Communications, Inc. (NASDAQ:ZM) by 114.0% in the first quarter, Holdings Channel.com reports. The firm owned 305,821 shares of the company’s stock after buying an additional 162,902 shares during the quarter. Empowered Funds LLC’s holdings in Zoom Communications were worth $24,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advocate Investing Services LLC bought a new stake in shares of Zoom Communications during the 4th quarter valued at $26,000. Strive Financial Group LLC purchased a new stake in shares of Zoom Communications in the 4th quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications in the 4th quarter worth about $28,000. Rexford Capital Inc. increased its stake in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after acquiring an additional 122 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

ZM opened at $91.48 on Wednesday. The stock has a 50-day moving average price of $93.03 and a 200-day moving average price of $89.08. The firm has a market cap of $26.82 billion, a PE ratio of 13.43, a P/E/G ratio of 4.89 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.

Zoom Communications (NASDAQ:ZM) last announced 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. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $1.43 EPS. Zoom Communications’s revenue was up 5.5% compared to the same quarter last year. 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, sell-side analysts anticipate that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $106.60, for a total transaction of $1,289,860.00. The transaction was disclosed in a legal 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, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the sale, the chief financial officer directly owned 35,452 shares of the company’s stock, valued at $3,219,041.60. This trade represents a 19.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last ninety days, insiders sold 48,517 shares of company stock valued at $5,061,783. Insiders own 8.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZM. KeyCorp raised shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Cantor Fitzgerald upped their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Jefferies Financial Group raised their target price on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. BTIG Research lifted their target price on shares of Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.