Nordea Investment Management AB Lowers Position in Zoom Communications, Inc. $ZM

Key Points

• Nordea Investment Management AB trimmed its ZM stake by 5.2%, selling 46,867 shares in Q4 and ending the period with 847,625 shares worth about $73.19 million (0.29% of Zoom).
• Other large institutional moves included increases from Vanguard, AQR and State Street and a new stake by Norges Bank, leaving institutions owning 66.54% of Zoom stock overall.
• Zoom slightly missed Q (EPS $1.44 vs. $1.48 est.) while beating revenue ($1.25B), issued FY2027 EPS guidance of 5.770–5.810, and carries a consensus analyst price target of $95.32 with an average "Hold" rating.

Nordea Investment Management AB decreased its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 847,625 shares of the company's stock after selling 46,867 shares during the period. Nordea Investment Management AB owned 0.29% of Zoom Communications worth $73,192,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ZM. Vanguard Group Inc. increased its holdings in shares of Zoom Communications by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company's stock worth $2,139,852,000 after buying an additional 986,164 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Zoom Communications by 23.4% in the third quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company's stock valued at $699,357,000 after acquiring an additional 1,607,253 shares during the last quarter. State Street Corp boosted its holdings in Zoom Communications by 0.4% in the third quarter. State Street Corp now owns 7,219,148 shares of the company's stock valued at $595,580,000 after acquiring an additional 29,647 shares during the last quarter. Norges Bank purchased a new stake in Zoom Communications during the second quarter valued at about $539,998,000. Finally, Pacer Advisors Inc. grew its position in Zoom Communications by 54.4% during the third quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company's stock valued at $222,353,000 after acquiring an additional 949,829 shares during the period. Institutional investors and hedge funds own 66.54% of the company's stock.

Zoom Communications Price Performance

Shares of ZM opened at $77.95 on Tuesday. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58. The stock's 50-day moving average is $84.25 and its two-hundred day moving average is $84.33. The stock has a market cap of $23.08 billion, a PE ratio of 12.57, a P/E/G ratio of 4.38 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.04). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. Zoom Communications's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 EPS. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

ZM has been the topic of a number of research reports. Wolfe Research upgraded Zoom Communications from a "peer perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Thursday, February 5th. Jefferies Financial Group boosted their target price on Zoom Communications from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, November 25th. Wedbush reissued an "outperform" rating and set a $95.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Citigroup upgraded shares of Zoom Communications from a "neutral" rating to a "buy" rating and raised their price target for the company from $94.00 to $106.00 in a report on Monday, January 12th. Finally, Argus raised shares of Zoom Communications to a "hold" rating in a research report on Monday, March 9th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $95.32.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 2,590 shares of the company's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.24, for a total value of $202,641.60. Following the completion of the transaction, the insider directly owned 137,044 shares in the company, valued at approximately $10,722,322.56. This represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total transaction of $191,614.50. Following the sale, the director directly owned 153,442 shares of the company's stock, valued at approximately $11,879,479.64. The trade was a 1.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 109,706 shares of company stock valued at $9,299,555 over the last three months. Company insiders own 11.51% of the company's stock.

About Zoom Communications

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.

Want to see what other hedge funds are holding ZM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zoom Communications, Inc. (NASDAQ:ZM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.