VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Holdings in Zoom Communications, Inc. $ZM

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 25.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 363,800 shares of the company’s stock after selling 125,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Zoom Communications were worth $30,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Zoom Communications by 0.6% during the second quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company’s stock worth $1,945,713,000 after purchasing an additional 154,783 shares in the last quarter. State Street Corp raised its stake in Zoom Communications by 6.0% during the 2nd quarter. State Street Corp now owns 7,189,501 shares of the company’s stock worth $560,637,000 after acquiring an additional 410,051 shares in the last quarter. Norges Bank purchased a new stake in Zoom Communications in the second quarter valued at $539,998,000. Geode Capital Management LLC boosted its stake in Zoom Communications by 0.5% in the second quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock valued at $373,504,000 after acquiring an additional 23,910 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Zoom Communications by 41.1% during the second quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after purchasing an additional 1,097,333 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

ZM has been the subject of a number of research analyst reports. Stifel Nicolaus upped their target price on Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. Cantor Fitzgerald restated a “neutral” rating and set a $87.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. UBS Group initiated coverage on shares of Zoom Communications in a research report on Monday, October 20th. They set a “neutral” rating and a $85.00 price objective on the stock. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $90.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Twelve equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zoom Communications presently has an average rating of “Hold” and an average target price of $93.00.

Zoom Communications Trading Down 0.0%

NASDAQ ZM opened at $86.29 on Wednesday. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 7.76 and a beta of 0.81. The business’s 50 day moving average is $85.22 and its two-hundred day moving average is $80.82. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $91.43.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. Equities analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Activity at Zoom Communications

In related news, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $157,785.06. This trade represents a 84.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $86.05, for a total transaction of $212,973.75. Following the transaction, the director owned 147,694 shares of the company’s stock, valued at approximately $12,709,068.70. The trade was a 1.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 462,751 shares of company stock valued at $38,730,439 in the last 90 days. Insiders own 10.78% of the company’s stock.

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.