Amundi Has $52.79 Million Holdings in Zoom Communications, Inc. $ZM

Amundi decreased its position in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 30.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 656,679 shares of the company's stock after selling 288,055 shares during the period. Amundi owned about 0.22% of Zoom Communications worth $52,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in Zoom Communications by 2.0% during the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company's stock worth $512,000 after acquiring an additional 116 shares during the period. 3Chopt Investment Partners LLC grew its stake in Zoom Communications by 1.6% during the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company's stock valued at $592,000 after acquiring an additional 119 shares in the last quarter. Rexford Capital Inc. increased its holdings in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company's stock valued at $31,000 after purchasing an additional 122 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Zoom Communications by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company's stock valued at $2,094,000 after purchasing an additional 123 shares during the period. Finally, Root Financial Partners LLC lifted its position in shares of Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company's stock worth $47,000 after purchasing an additional 136 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZM has been the subject of several research reports. Weiss Ratings upgraded shares of Zoom Communications from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Benchmark upped their price objective on shares of Zoom Communications from $115.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Needham & Company LLC reiterated a "buy" rating and issued a $130.00 target price on shares of Zoom Communications in a research report on Thursday, July 2nd. Citigroup lifted their target price on shares of Zoom Communications from $122.00 to $126.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Finally, Morgan Stanley boosted their price target on shares of Zoom Communications from $92.00 to $105.00 and gave the company an "equal weight" rating in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Zoom Communications presently has an average rating of "Moderate Buy" and an average price target of $109.33.

Zoom Communications Price Performance

Shares of ZM opened at $96.07 on Monday. The company's fifty day moving average is $92.61 and its 200-day moving average is $89.24. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The firm has a market cap of $28.17 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 5.15 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $1.43 EPS. Zoom Communications's revenue for the quarter 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, research analysts predict that Zoom Communications, Inc. will post 4.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total transaction of $1,350,481.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $109.78, for a total value of $578,979.72. Following the completion of the sale, the director directly owned 137,608 shares of the company's stock, valued at $15,106,606.24. This represents a 3.69% decrease in their position. 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 have sold a total of 28,500 shares of company stock worth $2,937,987 over the last three months. Corporate insiders own 8.83% of the company's stock.

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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