VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $38.16 Million Investment in Zoom Communications, Inc. $ZM

Key Points

• Virginia Retirement Systems has made a new investment of approximately $38.16 million in Zoom Communications, acquiring 489,400 shares during the second quarter.
• Several institutional investors have recently increased their holdings in Zoom, with Robeco Institutional Asset Management boosting its position by 63.5%, now owning 2,137,093 shares valued at about $166.7 million.
• Analysts have revised their price targets for Zoom Communications, with Benchmark raising it from $102 to $110 and the stock currently holds an average rating of "Hold" with a consensus target price of $91.74.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 489,400 shares of the company's stock, valued at approximately $38,163,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.16% of Zoom Communications at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in Zoom Communications by 63.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company's stock worth $166,651,000 after purchasing an additional 830,393 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Zoom Communications by 119.5% in the first quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company's stock worth $103,670,000 after buying an additional 765,092 shares during the last quarter. Vanguard Group Inc. grew its position in Zoom Communications by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company's stock valued at $1,829,249,000 after buying an additional 624,863 shares during the period. Nuveen LLC purchased a new stake in Zoom Communications during the first quarter valued at approximately $37,646,000. Finally, Junto Capital Management LP raised its position in Zoom Communications by 93.8% in the first quarter. Junto Capital Management LP now owns 868,507 shares of the company's stock worth $64,070,000 after acquiring an additional 420,275 shares during the period. Institutional investors own 66.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ZM shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Zoom Communications in a research report on Tuesday, October 14th. Benchmark upped their price target on Zoom Communications from $102.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Wedbush reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Zoom Communications in a research report on Friday, August 22nd. William Blair reissued an "outperform" rating on shares of Zoom Communications in a report on Tuesday, September 30th. Finally, Rosenblatt Securities restated a "buy" rating and set a $110.00 target price on shares of Zoom Communications in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $91.74.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $80.01 on Friday. The company has a market cap of $24.21 billion, a P/E ratio of 21.11, a P/E/G ratio of 10.92 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 fifty day moving average is $80.54 and its two-hundred day moving average is $77.83.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.39). The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. 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, analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Insider Buying and Selling at Zoom Communications

In other news, Director Herbert Raymond Mcmaster sold 2,000 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $83.00, for a total transaction of $166,000.00. Following the sale, the director directly owned 7,901 shares in the company, valued at approximately $655,783. This represents a 20.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $80.78, for a total value of $199,930.50. Following the completion of the transaction, the director owned 152,644 shares of the company's stock, valued at approximately $12,330,582.32. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,328 shares of company stock worth $7,170,074. Company insiders own 11.51% of the company's stock.

Zoom Communications Company 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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