Allianz Asset Management GmbH Acquires 111,043 Shares of Zoom Communications, Inc. $ZM

Key Points

• Allianz Asset Management GmbH boosted its stake in Zoom Communications by 10.0% in Q2, now owning 1,223,336 shares valued at approximately $95.4 million.
• Zoom Communications reported earnings of $0.99 per share for the last quarter, which was below analysts' expectations of $1.38, despite a revenue increase of 4.7% year-over-year.
• Multiple institutional investors have increased their stakes in Zoom, with Vanguard Group and Robeco Institutional Asset Management making significant purchases recently.

Allianz Asset Management GmbH increased its holdings in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 10.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,223,336 shares of the company's stock after buying an additional 111,043 shares during the period. Allianz Asset Management GmbH owned about 0.40% of Zoom Communications worth $95,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Zoom Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company's stock worth $1,829,249,000 after buying an additional 624,863 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Zoom Communications by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company's stock worth $473,732,000 after buying an additional 36,210 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Zoom Communications by 63.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company's stock worth $166,651,000 after buying an additional 830,393 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Zoom Communications by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,679,499 shares of the company's stock worth $123,912,000 after buying an additional 16,819 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Zoom Communications by 119.5% in the first quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company's stock worth $103,670,000 after buying an additional 765,092 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

Zoom Communications Price Performance

NASDAQ ZM opened at $79.83 on Friday. The company has a market capitalization of $24.15 billion, a PE ratio of 21.06, a P/E/G ratio of 10.85 and a beta of 0.78. The company has a fifty day moving average of $80.37 and a 200 day moving average of $77.77. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.39). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Insider Activity at Zoom Communications

In other news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50. Following the sale, the director directly owned 152,644 shares of the company's stock, valued at $12,330,582.32. This represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Herbert Raymond Mcmaster sold 2,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $83.00, for a total transaction of $166,000.00. Following the sale, the director directly owned 7,901 shares in the company, valued at approximately $655,783. The trade was a 20.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,328 shares of company stock valued at $7,170,074 over the last ninety days. Corporate insiders own 11.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on ZM shares. Stifel Nicolaus lifted their price target on shares of Zoom Communications from $80.00 to $90.00 and gave the stock a "hold" rating in a report on Thursday, September 18th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. William Blair reaffirmed an "outperform" rating on shares of Zoom Communications in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Zoom Communications in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $91.74.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.

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