United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires Shares of 154,272 Zoom Communications, Inc. $ZM

Key Points

• United Super Pty Ltd disclosed a new fourth-quarter stake in Zoom Communications, buying 154,272 shares valued at about $13.3 million, or roughly 0.05% of the company.
• Other institutions also increased or initiated positions, and 66.54% of Zoom’s stock is owned by hedge funds and other institutional investors.
• Analysts remain broadly positive on Zoom: the stock carries a Moderate Buy consensus with a target price of $108.15, while the company recently beat earnings and revenue estimates in its latest quarterly report.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 154,272 shares of the company's stock, valued at approximately $13,312,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.05% of Zoom Communications at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new stake in shares of Zoom Communications in the 4th quarter valued at approximately $28,000. Sound Income Strategies LLC increased its position in shares of Zoom Communications by 94.8% in the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company's stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Activest Wealth Management grew its position in shares of Zoom Communications by 4,318.2% in the 4th quarter. Activest Wealth Management now owns 486 shares of the company's stock valued at $42,000 after buying an additional 475 shares during the last quarter. Cloud Capital Management LLC purchased a new position in shares of Zoom Communications in the 3rd quarter valued at $42,000. Finally, MAI Capital Management grew its position in shares of Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company's stock valued at $48,000 after buying an additional 149 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on ZM shares. Sanford C. Bernstein dropped their target price on shares of Zoom Communications from $90.00 to $88.00 and set a "market perform" rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC raised their price objective on shares of Zoom Communications from $100.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, May 22nd. Wells Fargo & Company raised their target price on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Friday, May 22nd. Citigroup raised their target price on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Mizuho raised their price objective on shares of Zoom Communications from $100.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 22nd. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.15.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $100.46 on Friday. The company has a market cap of $29.60 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 5.72 and a beta of 1.00. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $113.73. The company has a 50-day simple moving average of $90.85 and a 200-day simple moving average of $87.25.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.13. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, analysts anticipate that Zoom Communications, Inc. will post 3.94 EPS for the current year.

Insider Transactions at Zoom Communications

In related news, COO Aparna Bawa sold 12,886 shares of the business's stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $173,312.36. The trade was a 86.69% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of Zoom Communications stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $106.58, for a total transaction of $562,102.92. Following the transaction, the director directly owned 142,882 shares in the company, valued at approximately $15,228,363.56. This trade represents a 3.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 144,329 shares of company stock valued at $12,364,989 in the last quarter. Insiders own 11.51% of the company's stock.

Zoom Communications Profile

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.

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