Nuveen LLC Takes Position in Zoom Communications, Inc. $ZM

Key Points

• Nuveen LLC has acquired a stake in Zoom Communications worth approximately $37.65 million, purchasing over 510,000 shares as part of its new investment strategy.
• Several other institutional investors have also increased their holdings in Zoom Communications, with significant boosts observed from Principal Financial Group (18.5%) and Spire Wealth Management (990.6%) during the first quarter.
• In recent trading, Zoom Communications' stock opened at $73.14, reflecting a 52-week range between a low of $57.23 and a high of $92.80, while analysts maintain a consensus rating of "Hold".

Nuveen LLC acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 510,322 shares of the company's stock, valued at approximately $37,646,000. Nuveen LLC owned 0.17% of Zoom Communications as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Zoom Communications by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company's stock worth $1,829,249,000 after purchasing an additional 624,863 shares during the period. AQR Capital Management LLC grew its stake in Zoom Communications by 5.2% in the fourth 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. grew its stake in Zoom Communications by 24.3% in the fourth 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 holdings in shares of Zoom Communications by 2.1% in the fourth 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 purchasing an additional 87,775 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Zoom Communications by 3.7% in the fourth quarter. Northern Trust Corp now owns 1,779,423 shares of the company's stock valued at $145,219,000 after purchasing an additional 63,458 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Aparna Bawa sold 10,528 shares of the company'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 transaction, the chief operating officer owned 1,978 shares of the company's stock, valued at approximately $147,914.84. This represents a 84.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric S. Yuan sold 33,691 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $74.79, for a total value of $2,519,749.89. The disclosure for this sale can be found here. Insiders have sold 87,542 shares of company stock valued at $6,609,623 in the last ninety days. 10.78% of the stock is currently owned by company insiders.

Zoom Communications Price Performance

NASDAQ ZM traded down $1.45 during trading on Tuesday, reaching $72.19. 2,844,845 shares of the company's stock were exchanged, compared to its average volume of 2,639,680. The business has a 50 day moving average price of $75.31 and a 200-day moving average price of $76.89. The stock has a market capitalization of $21.84 billion, a P/E ratio of 21.68, a PEG 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.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.13. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Zoom Communications had a return on equity of 11.08% and a net margin of 22.31%.The business's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on ZM. Scotiabank upped their target price on Zoom Communications from $75.00 to $85.00 and gave the stock a "sector perform" rating in a report on Friday, May 16th. Wall Street Zen lowered Zoom Communications from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. JMP Securities reiterated a "market perform" rating on shares of Zoom Communications in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their target price on Zoom Communications from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Finally, Bank of America upped their target price on Zoom Communications from $79.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $87.00.

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.