OVERSEA CHINESE BANKING Corp Ltd Makes New $523,000 Investment in Zoom Communications, Inc. $ZM

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,062 shares of the company’s stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ZM. AQR Capital Management LLC increased its holdings in shares of Zoom Communications by 23.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock worth $699,357,000 after buying an additional 1,607,253 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Zoom Communications during the 3rd quarter worth $86,709,000. Vanguard Group Inc. increased its holdings in shares of Zoom Communications by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after buying an additional 986,164 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Zoom Communications by 54.4% during the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock worth $222,353,000 after buying an additional 949,829 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Zoom Communications by 46.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,645,846 shares of the company’s stock worth $218,282,000 after buying an additional 836,594 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Trading Down 2.1%

Shares of NASDAQ ZM opened at $90.01 on Friday. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $97.58. The company has a market cap of $26.52 billion, a P/E ratio of 14.52, a P/E/G ratio of 5.26 and a beta of 0.88. The stock has a fifty day moving average price of $81.84 and a 200 day moving average price of $84.26.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, sell-side analysts forecast that Zoom Communications, Inc. will post 3.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on ZM. BTIG Research dropped their price objective on Zoom Communications from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Argus upgraded Zoom Communications to a “hold” rating in a report on Monday, March 9th. Benchmark dropped their price objective on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Wall Street Zen downgraded Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, KeyCorp upped their price objective on Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.32.

Insider Transactions at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,388 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $87.32, for a total value of $208,520.16. Following the completion of the sale, the director directly owned 152,192 shares in the company, valued at approximately $13,289,405.44. This represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. This represents a 86.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 138,887 shares of company stock worth $11,590,330 in the last quarter. 11.51% of the stock is owned by corporate insiders.

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.