Zoom Communications, Inc. $ZM Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 43.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 422,470 shares of the company’s stock after purchasing an additional 128,174 shares during the period. Hsbc Holdings PLC’s holdings in Zoom Communications were worth $36,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications in the 4th quarter valued at about $26,000. Strive Financial Group LLC acquired a new stake in shares of Zoom Communications in the fourth quarter valued at about $27,000. Toth Financial Advisory Corp purchased a new stake in Zoom Communications during the fourth quarter worth about $28,000. Sound Income Strategies LLC boosted its holdings in Zoom Communications by 94.8% during the fourth 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. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in Zoom Communications by 83.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after buying an additional 200 shares in the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Trading Up 2.5%

NASDAQ:ZM opened at $86.44 on Wednesday. The company has a market capitalization of $25.35 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 4.68 and a beta of 1.01. The firm has a 50-day moving average price of $96.79 and a two-hundred day moving average price of $88.92. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $114.74.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.13. The company had revenue of $1.24 billion for 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 revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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, equities research analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ZM shares. Citigroup increased their target price on shares of Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Jefferies Financial Group boosted their price target on Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Mizuho upped their price target on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. BTIG Research raised their price objective on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Insider Activity

In related news, COO Aparna Bawa sold 12,886 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. This represents a 86.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 69,923 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $81.22, for a total value of $5,679,146.06. Following the sale, the chief executive officer owned 36,796 shares in the company, valued at approximately $2,988,571.12. This trade represents a 65.52% decrease in their position. 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. Over the last three months, insiders sold 156,638 shares of company stock worth $13,900,194. 8.83% of the stock is owned by corporate insiders.

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.