Oribel Capital Management LP Takes Position in Zoom Communications, Inc. $ZM

Oribel Capital Management LP acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 189,000 shares of the company’s stock, valued at approximately $15,194,000. Zoom Communications comprises about 0.7% of Oribel Capital Management LP’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds also recently made changes to their positions in ZM. Norges Bank purchased a new position in Zoom Communications in the fourth quarter worth $509,788,000. AQR Capital Management LLC raised its position in Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock valued at $1,052,328,000 after purchasing an additional 3,718,186 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Zoom Communications during the third quarter valued at about $86,709,000. Vanguard Group Inc. raised its position in Zoom Communications by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Zoom Communications by 46.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock worth $218,282,000 after purchasing an additional 836,594 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zoom Communications news, Director Santiago Subotovsky sold 2,637 shares of Zoom Communications stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $90.15, for a total transaction of $237,725.55. Following the sale, the director directly owned 138,554 shares of the company’s stock, valued at approximately $12,490,643.10. The trade was a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the sale, the chief financial officer owned 35,452 shares in the company, valued at $3,219,041.60. This represents a 19.32% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 48,517 shares of company stock worth $5,061,783. 8.83% of the stock is currently owned by company insiders.

Zoom Communications Trading Up 4.6%

Shares of NASDAQ:ZM opened at $87.99 on Friday. The company has a 50-day moving average price of $93.30 and a 200-day moving average price of $88.99. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 4.51 and a beta of 1.01. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $1.43 earnings per share. Zoom Communications’s quarterly revenue was up 5.5% on a year-over-year basis. 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, research analysts forecast that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ZM shares. Mizuho upped their price objective on Zoom Communications from $100.00 to $120.00 and gave the stock 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 Tuesday. Piper Sandler boosted their target price on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Zoom Communications in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group upped their target price on Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications Company 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.