Nordea Investment Management AB Grows Stock Holdings in Zoom Communications, Inc. $ZM

Key Points

• Nordea Investment Management AB increased its stake in Zoom Communications by 2.4%, owning approximately 0.29% of the company valued at $67 million.
• Analyst ratings for Zoom Communications hold a generally positive outlook, with two analysts rating it a Strong Buy and a target price averaging $91.74.
• Insider trading activity includes CFO Michelle Chang selling nearly 34,000 shares, indicating a 62.31% decrease in her ownership of the stock.

Nordea Investment Management AB raised its position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 864,519 shares of the company's stock after buying an additional 20,642 shares during the period. Nordea Investment Management AB owned about 0.29% of Zoom Communications worth $67,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. SouthState Corp acquired a new stake in shares of Zoom Communications in the first quarter valued at $25,000. Wayfinding Financial LLC acquired a new stake in shares of Zoom Communications in the first quarter valued at $25,000. REAP Financial Group LLC raised its stake in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company's stock valued at $28,000 after acquiring an additional 229 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Zoom Communications in the first quarter valued at $31,000. Finally, Brooklyn Investment Group raised its stake in shares of Zoom Communications by 277.8% in the first quarter. Brooklyn Investment Group now owns 442 shares of the company's stock valued at $33,000 after acquiring an additional 325 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZM has been the topic of several analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $110.00 price objective on shares of Zoom Communications in a research note on Thursday, September 18th. William Blair restated an "outperform" rating on shares of Zoom Communications in a research note on Tuesday, September 30th. Piper Sandler restated a "neutral" rating and issued a $85.00 price target on shares of Zoom Communications in a research note on Friday, August 22nd. KeyCorp cut their price target on Zoom Communications from $73.00 to $69.00 and set an "underweight" rating on the stock in a research note on Friday, August 22nd. Finally, Dbs Bank upgraded Zoom Communications to a "moderate buy" rating in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Zoom Communications has an average rating of "Hold" and an average target price of $91.74.

Insider Buying and Selling at Zoom Communications

In other news, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the sale, the chief financial officer owned 20,539 shares in the company, valued at approximately $1,684,198. The trade was a 62.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $80.78, for a total value of $199,930.50. Following the sale, the director owned 152,644 shares in the company, valued at $12,330,582.32. This trade represents a 1.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,328 shares of company stock valued at $7,170,074. 11.51% of the stock is owned by insiders.

Zoom Communications Stock Performance

ZM opened at $80.01 on Friday. The business's 50-day simple moving average is $80.54 and its 200-day simple moving average is $77.83. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $92.80. The stock has a market capitalization of $24.21 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 10.92 and a beta of 0.78.

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

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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