TD Asset Management Inc Has $42.70 Million Stock Holdings in Zoom Communications, Inc. $ZM

Key Points

• TD Asset Management Inc reduced its holdings in Zoom Communications by 4.0%, now owning approximately 547,553 shares valued at $42.7 million.
• Zoom Communications reported an EPS of $0.99 for the last quarter, missing the consensus estimate of $1.38, but revenue increased 4.7% year-over-year to $1.22 billion.
• Analysts have mixed ratings on Zoom, with two analysts rating it as a Strong Buy, while 15 rated it a Hold, and one a Sell, with an average price target of $91.74.

TD Asset Management Inc cut its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 547,553 shares of the company's stock after selling 22,763 shares during the period. TD Asset Management Inc owned about 0.18% of Zoom Communications worth $42,698,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in Zoom Communications during the 1st quarter worth approximately $25,000. SouthState Corp acquired a new position in shares of Zoom Communications in the 1st quarter worth approximately $25,000. REAP Financial Group LLC lifted its position in shares of Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company's stock worth $28,000 after purchasing an additional 229 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Zoom Communications in the 1st quarter worth approximately $31,000. Finally, Brooklyn Investment Group lifted its position in shares of Zoom Communications by 277.8% in the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company's stock worth $33,000 after purchasing an additional 325 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Stock Up 0.4%

NASDAQ ZM opened at $79.83 on Friday. The company has a market cap of $24.15 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 10.85 and a beta of 0.78. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The firm's 50-day simple moving average is $80.37 and its two-hundred day simple moving average is $77.77.

Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the company earned $1.39 earnings per share. Zoom Communications's revenue for the quarter was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analyst Ratings Changes

ZM has been the topic of a number of research reports. Wedbush reiterated an "outperform" rating and set a $95.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Zoom Communications in a research note on Thursday, September 18th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $87.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Stifel Nicolaus upped their target price on shares of Zoom Communications from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Thursday, September 18th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $110.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Zoom Communications has a consensus rating of "Hold" and an average price target of $91.74.

Insider Transactions at Zoom Communications

In other news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $80.78, for a total value of $199,930.50. Following the sale, the director directly owned 152,644 shares of the company's stock, valued at approximately $12,330,582.32. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 33,692 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $79.76, for a total transaction of $2,687,273.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,328 shares of company stock valued at $7,170,074. Company insiders own 11.51% of the company's stock.

Zoom Communications 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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