Syon Capital LLC Grows Stake in Zoom Communications, Inc. $ZM

Syon Capital LLC grew its position in Zoom Communications, Inc. (NASDAQ:ZM) by 44.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,991 shares of the company’s stock after purchasing an additional 4,949 shares during the quarter. Syon Capital LLC’s holdings in Zoom Communications were worth $1,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after purchasing an additional 1,029,623 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Zoom Communications by 23.4% in the 3rd quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after acquiring an additional 1,607,253 shares during the period. State Street Corp increased its position in shares of Zoom Communications by 0.4% in the 3rd quarter. State Street Corp now owns 7,219,148 shares of the company’s stock valued at $595,580,000 after acquiring an additional 29,647 shares during the period. Norges Bank acquired a new position in shares of Zoom Communications in the 4th quarter valued at $509,788,000. Finally, Geode Capital Management LLC increased its position in shares of Zoom Communications by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after acquiring an additional 152,862 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ZM. Wall Street Zen downgraded Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Wells Fargo & Company upped their target price on Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Cantor Fitzgerald upped their target price on Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Benchmark upped their target price on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein cut their target price on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the company’s stock in a transaction 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 approximately $12,130,002.24. The trade was 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. Insiders sold a total of 159,228 shares of company stock valued at $14,102,835 in the last three months. Company insiders own 11.51% of the company’s stock.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $101.62 on Monday. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74. The firm has a market cap of $29.80 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 5.64 and a beta of 1.01. The firm’s fifty day moving average is $94.38 and its two-hundred day moving average is $88.20.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.22 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The firm’s 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, equities research analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

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.