WINTON GROUP Ltd Makes New Investment in Zoom Communications, Inc. $ZM

WINTON GROUP Ltd bought a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 77,249 shares of the company's stock, valued at approximately $6,667,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZM. California State Teachers Retirement System grew its holdings in shares of Zoom Communications by 8,620.6% in the second quarter. California State Teachers Retirement System now owns 31,999,864 shares of the company's stock worth $2,761,908,000 after acquiring an additional 31,632,917 shares during the period. Norges Bank bought a new position in Zoom Communications in the fourth quarter valued at about $509,788,000. AQR Capital Management LLC lifted its holdings in Zoom Communications by 43.9% in the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company's stock valued at $1,052,328,000 after acquiring an additional 3,718,186 shares during the period. Atreides Management LP purchased a new position in Zoom Communications in the first quarter worth about $105,761,000. Finally, Two Sigma Investments LP purchased a new position in Zoom Communications in the third quarter worth about $86,709,000. 66.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Zoom Communications from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 27th. Royal Bank Of Canada reissued an "outperform" rating and issued a $130.00 price objective on shares of Zoom Communications in a report on Wednesday, August 26th. KeyCorp restated a "sector weight" rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Morgan Stanley upped their target price on shares of Zoom Communications from $105.00 to $107.00 and gave the company an "equal weight" rating in a report on Wednesday, August 26th. Finally, Piper Sandler upped their target price on shares of Zoom Communications from $91.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, May 22nd. Sixteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $112.55.

Insiders Place Their Bets

In other Zoom Communications news, Director Santiago Subotovsky sold 7,911 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $101.33, for a total value of $801,621.63. Following the completion of the transaction, the director directly owned 127,060 shares in the company, valued at $12,874,989.80. This represents a 5.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the sale, the chief financial officer directly owned 35,452 shares of the company's stock, valued at approximately $3,219,041.60. This trade represents a 19.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 50,881 shares of company stock valued at $4,878,914 in the last 90 days. 8.83% of the stock is currently owned by company insiders.

Zoom Communications Price Performance

ZM opened at $96.18 on Thursday. The company has a 50 day simple moving average of $96.51 and a two-hundred day simple moving average of $91.73. The firm has a market cap of $28.06 billion, a P/E ratio of 8.91, a PEG ratio of 4.46 and a beta of 1.04. Zoom Communications, Inc. has a 1-year low of $70.70 and a 1-year high of $114.74.

Zoom Communications (NASDAQ:ZM - Get Free Report) last released its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. Zoom Communications's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 EPS. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. Equities analysts anticipate that Zoom Communications, Inc. will post 4.26 earnings per share for the current year.

About Zoom Communications

Zoom Communications, Inc NASDAQ: ZM is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.

Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.

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