Massachusetts Financial Services Co. MA Has $34.18 Million Stock Position in Zoom Communications, Inc. $ZM

Massachusetts Financial Services Co. MA lifted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 10.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 396,099 shares of the company’s stock after buying an additional 36,255 shares during the period. Massachusetts Financial Services Co. MA owned about 0.13% of Zoom Communications worth $34,179,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp acquired a new position in shares of Zoom Communications during the 4th quarter worth $28,000. Root Financial Partners LLC acquired a new position in shares of Zoom Communications during the 3rd quarter worth $33,000. Sound Income Strategies LLC raised its holdings in shares of Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Zoom Communications during the 3rd quarter worth $34,000. Finally, Cloud Capital Management LLC acquired a new position in shares of Zoom Communications during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analyst Ratings Changes

ZM has been the subject of a number of research analyst reports. Benchmark lowered their price target on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Piper Sandler upped their target price on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and upped their target price for the stock from $94.00 to $106.00 in a report on Monday, January 12th. Finally, Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price for the company in a report on Thursday, February 5th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Zoom Communications currently has an average rating of “Hold” and a consensus price target of $95.32.

Zoom Communications Stock Up 8.0%

Shares of ZM opened at $89.03 on Thursday. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $97.58. The business has a 50-day simple moving average of $82.20 and a two-hundred day simple moving average of $83.96. The stock has a market cap of $26.23 billion, a PE ratio of 14.36, a PEG ratio of 4.71 and a beta of 0.88.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $1.41 EPS. Zoom Communications’s revenue for the quarter was up 5.3% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, equities research analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Buying and Selling

In other news, COO Aparna Bawa sold 12,137 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $81.37, for a total value of $987,587.69. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $160,949.86. This represents a 85.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the sale, the director directly owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. The trade was a 1.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 125,462 shares of company stock valued at $10,356,350. Corporate insiders own 11.51% of the company’s stock.

About Zoom Communications

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.