111 Capital Reduces Stock Position in Zoom Communications, Inc. $ZM

Key Points

• 111 Capital cut its Zoom stake by 76.8% in the fourth quarter, selling 12,759 shares and leaving it with 3,848 shares valued at about $332,000.
• Zoom’s latest earnings beat expectations, reporting $1.55 EPS on $1.24 billion in revenue, with revenue up 5.5% year over year and guidance provided for future periods.
• Analysts remain generally positive on Zoom, with multiple recent price-target increases and a consensus rating of “Moderate Buy” with an average target of $109.33.

111 Capital lessened its holdings in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 76.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,848 shares of the company's stock after selling 12,759 shares during the quarter. 111 Capital's holdings in Zoom Communications were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ZM. BI Asset Management Fondsmaeglerselskab A S increased its stake in Zoom Communications by 31.5% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 18,821 shares of the company's stock worth $1,624,000 after buying an additional 4,510 shares during the period. Pinebridge Investments LLC bought a new position in Zoom Communications in the 4th quarter worth about $6,199,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Zoom Communications by 35.8% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,000 shares of the company's stock worth $7,594,000 after acquiring an additional 23,200 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Zoom Communications by 25.4% during the fourth quarter. Parallel Advisors LLC now owns 3,425 shares of the company's stock worth $296,000 after acquiring an additional 694 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Zoom Communications by 83.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 10,394 shares of the company's stock valued at $870,000 after acquiring an additional 4,738 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ZM. Cantor Fitzgerald boosted their price target on Zoom Communications from $87.00 to $104.00 and gave the company a "neutral" rating in a report on Friday, May 22nd. Weiss Ratings upgraded Zoom Communications from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 1st. Citigroup upped their target price on Zoom Communications from $122.00 to $126.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Wall Street Zen downgraded Zoom Communications from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Morgan Stanley raised their price target on Zoom Communications from $92.00 to $105.00 and gave the company an "equal weight" rating in a research note on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $109.33.

Zoom Communications Stock Down 3.4%

NASDAQ ZM opened at $101.62 on Friday. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The company has a 50 day moving average price of $94.38 and a 200 day moving average price of $88.16. The firm has a market cap of $29.80 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 5.81 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued 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 return on equity of 11.87% and a net margin of 41.99%.The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The business'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. On average, equities research analysts anticipate that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

Insider Activity

In other Zoom Communications news, COO Aparna Bawa sold 12,886 shares of the business's stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the sale, the chief operating officer owned 1,978 shares of the company's stock, valued at approximately $173,312.36. The trade was a 86.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 69,923 shares of the company's stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the transaction, the chief executive officer owned 36,796 shares in the company, valued at $2,988,571.12. The trade was a 65.52% 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. Over the last quarter, insiders have sold 159,228 shares of company stock valued at $14,102,835. 11.51% of the stock is owned by company insiders.

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.

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