Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.50 Million Stock Position in Zoom Communications, Inc. $ZM

Key Points

• The Fourth Swedish National Pension Fund increased its stake in Zoom Communications to $6.50 million, owning 88,100 shares after purchasing an additional 7,400 shares.
• Several large investors, including Boston Partners and Tokio Marine Asset Management, have recently boosted their stakes in Zoom Communications during the first quarter.
• Zoom Communications reported quarterly earnings of $1.43 per share, exceeding estimates and showing a 2.9% year-over-year revenue increase.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 9.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,100 shares of the company's stock after purchasing an additional 7,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Zoom Communications were worth $6,499,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Zoom Communications by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company's stock valued at $1,829,249,000 after purchasing an additional 624,863 shares during the period. AQR Capital Management LLC lifted its position in shares of Zoom Communications by 5.2% during the 4th quarter. AQR Capital Management LLC now owns 7,538,744 shares of the company's stock valued at $615,237,000 after acquiring an additional 373,509 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Zoom Communications by 24.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,385,523 shares of the company's stock valued at $521,123,000 after acquiring an additional 1,247,717 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Zoom Communications by 2.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,174,025 shares of the company's stock valued at $340,642,000 after acquiring an additional 87,775 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Zoom Communications by 3.7% during the 4th quarter. Northern Trust Corp now owns 1,779,423 shares of the company's stock valued at $145,219,000 after acquiring an additional 63,458 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Velchamy Sankarlingam sold 7,661 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $77.50, for a total transaction of $593,727.50. Following the completion of the sale, the insider owned 129,377 shares of the company's stock, valued at $10,026,717.50. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $74.78, for a total value of $787,283.84. Following the sale, the chief operating officer directly owned 1,978 shares of the company's stock, valued at $147,914.84. This represents a 84.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,542 shares of company stock valued at $6,609,623. Corporate insiders own 10.78% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ZM shares. Scotiabank upped their target price on Zoom Communications from $75.00 to $85.00 and gave the company a "sector perform" rating in a research report on Friday, May 16th. Wells Fargo & Company boosted their target price on Zoom Communications from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Rosenblatt Securities boosted their target price on Zoom Communications from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. KeyCorp started coverage on Zoom Communications in a research note on Friday, June 6th. They set an "underweight" rating and a $73.00 target price for the company. Finally, Piper Sandler boosted their target price on Zoom Communications from $77.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $87.00.

Zoom Communications Price Performance

NASDAQ ZM traded down $1.45 on Tuesday, reaching $72.19. The company had a trading volume of 2,844,845 shares, compared to its average volume of 2,639,680. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 19.14 and a beta of 0.68. Zoom Communications, Inc. has a fifty-two week low of $58.78 and a fifty-two week high of $92.80. The business has a 50 day moving average of $75.31 and a two-hundred day moving average of $76.89.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.13. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.17 billion. Zoom Communications had a return on equity of 11.08% and a net margin of 22.31%.The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.560-5.590 EPS. Q2 2026 guidance at 1.360-1.370 EPS. As a group, research analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

About Zoom Communications

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.