Zoom Communications, Inc. $ZM Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Zoom Communications by 1.0%, owning approximately 1,679,499 shares valued at $123.9 million as of the end of the first quarter.
• Zoom's latest earnings report showed earnings per share of $1.43, exceeding the consensus estimate of $1.30, alongside a 2.9% year-over-year increase in revenue.
• Several analysts have a positive outlook on Zoom, with the average target price set at $87.43, indicating potential for growth despite mixed analyst ratings.

Dimensional Fund Advisors LP grew its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 1.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,679,499 shares of the company's stock after acquiring an additional 16,819 shares during the period. Dimensional Fund Advisors LP owned about 0.55% of Zoom Communications worth $123,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SouthState Corp acquired a new stake in shares of Zoom Communications during the 1st quarter valued at $25,000. Wayfinding Financial LLC acquired a new stake in shares of Zoom Communications during the 1st quarter valued at $25,000. Raiffeisen Bank International AG acquired a new stake in shares of Zoom Communications during the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Zoom Communications by 177.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock valued at $28,000 after acquiring an additional 246 shares during the last quarter. Finally, Colonial Trust Co SC acquired a new stake in shares of Zoom Communications during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 66.54% of the company's stock.

Zoom Communications Trading Up 1.4%

Shares of NASDAQ:ZM opened at $73.17 on Friday. Zoom Communications, Inc. has a 1 year low of $60.71 and a 1 year high of $92.80. The business has a fifty day simple moving average of $74.96 and a 200 day simple moving average of $76.73. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 18.89 and a beta of 0.68.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $1.43 earnings per share (EPS) 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 analyst estimates of $1.17 billion. During the same period last year, the company earned $1.35 earnings per share. Zoom Communications's quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Buying and Selling at Zoom Communications

In related news, COO Aparna Bawa sold 10,528 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $74.78, for a total transaction of $787,283.84. Following the completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $147,914.84. This trade represents a 84.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Herbert Raymond Mcmaster sold 500 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $75.00, for a total value of $37,500.00. Following the sale, the director owned 10,901 shares of the company's stock, valued at approximately $817,575. This represents a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,542 shares of company stock valued at $6,609,623 in the last quarter. Corporate insiders own 11.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. William Blair reiterated an "outperform" rating on shares of Zoom Communications in a research report on Thursday, May 22nd. Scotiabank increased their target price on Zoom Communications from $75.00 to $85.00 and gave the company a "sector perform" rating in a report on Friday, May 16th. Needham & Company LLC upgraded Zoom Communications from a "hold" rating to a "moderate buy" rating and set a $100.00 target price for the company in a report on Thursday, May 22nd. JMP Securities restated a "market perform" rating on shares of Zoom Communications in a report on Thursday, May 22nd. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $87.00 target price on shares of Zoom Communications in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $87.43.

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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