Robeco Institutional Asset Management B.V. Increases Stake in Zoom Communications, Inc. (NASDAQ:ZM)

Robeco Institutional Asset Management B.V. increased its position in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,306,700 shares of the company's stock after buying an additional 53,639 shares during the period. Robeco Institutional Asset Management B.V. owned 0.43% of Zoom Communications worth $96,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management lifted its stake in shares of Zoom Communications by 990.6% during the 1st quarter. Spire Wealth Management now owns 1,396 shares of the company's stock worth $103,000 after acquiring an additional 1,268 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Zoom Communications in the first quarter worth about $2,367,000. Silver Lake Advisory LLC grew its holdings in shares of Zoom Communications by 2.7% in the first quarter. Silver Lake Advisory LLC now owns 41,420 shares of the company's stock worth $3,056,000 after purchasing an additional 1,095 shares during the last quarter. Moran Wealth Management LLC purchased a new position in Zoom Communications in the 1st quarter worth about $2,540,000. Finally, Asset Management One Co. Ltd. lifted its holdings in Zoom Communications by 0.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 94,712 shares of the company's stock valued at $6,987,000 after buying an additional 840 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Stock Up 0.4%

Shares of ZM stock opened at $76.96 on Friday. The business has a 50-day simple moving average of $78.79 and a 200-day simple moving average of $79.04. Zoom Communications, Inc. has a 52-week low of $55.06 and a 52-week high of $92.80. The stock has a market cap of $23.28 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 12.72 and a beta of 0.71.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.13. Zoom Communications had a return on equity of 11.08% and a net margin of 22.31%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $1.35 EPS. The business's quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Activity at Zoom Communications

In other Zoom Communications news, CEO Eric S. Yuan sold 41,121 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $72.18, for a total transaction of $2,968,113.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Velchamy Sankarlingam sold 11,839 shares of Zoom Communications stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $71.91, for a total transaction of $851,342.49. Following the completion of the transaction, the insider now owns 125,529 shares of the company's stock, valued at $9,026,790.39. This trade represents a 8.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,196 shares of company stock valued at $6,885,843. 11.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ZM has been the topic of a number of research reports. Scotiabank raised their target price on shares of Zoom Communications from $75.00 to $85.00 and gave the stock a "sector perform" rating in a research report on Friday, May 16th. Morgan Stanley lifted their target price on Zoom Communications from $79.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. JMP Securities reiterated a "market perform" rating on shares of Zoom Communications in a report on Thursday, May 22nd. Piper Sandler raised their price target on Zoom Communications from $77.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen cut shares of Zoom Communications from a "strong-buy" rating to a "buy" rating in a report on Monday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.

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