Pacer Advisors Inc. Grows Holdings in Zoom Communications, Inc. $ZM

Pacer Advisors Inc. grew its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 10.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,595,840 shares of the company’s stock after acquiring an additional 253,181 shares during the period. Pacer Advisors Inc.’s holdings in Zoom Communications were worth $208,680,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ZM. Vanguard Group Inc. increased its holdings in Zoom Communications by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares during the last quarter. AQR Capital Management LLC lifted its stake in Zoom Communications by 43.9% during the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after purchasing an additional 3,718,186 shares in the last quarter. State Street Corp lifted its stake in Zoom Communications by 5.0% during the fourth quarter. State Street Corp now owns 7,582,924 shares of the company’s stock worth $654,331,000 after purchasing an additional 363,776 shares in the last quarter. Norges Bank purchased a new position in shares of Zoom Communications during the fourth quarter worth $509,788,000. Finally, Geode Capital Management LLC boosted its position in shares of Zoom Communications by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock worth $445,254,000 after buying an additional 152,862 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Price Performance

ZM opened at $96.07 on Monday. The business has a fifty day moving average price of $92.61 and a 200 day moving average price of $89.24. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The stock has a market capitalization of $28.17 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 5.15 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.Zoom Communications’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. 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, research analysts anticipate that Zoom Communications, Inc. will post 4.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ZM shares. HSBC lifted their price objective on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group lifted their target price on Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research note on Thursday, July 23rd. Morgan Stanley increased their price target on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Finally, BTIG Research raised their price objective on shares of Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Zoom Communications has an average rating of “Moderate Buy” and an average target price of $109.33.

Insider Buying and Selling

In related news, Director Santiago Subotovsky sold 2,637 shares of Zoom Communications stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $90.15, for a total value of $237,725.55. Following the completion of the transaction, the director owned 138,554 shares in the company, valued at $12,490,643.10. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total transaction of $1,350,481.00. 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 ninety days, insiders have sold 28,500 shares of company stock worth $2,937,987. Company insiders own 8.83% of the company’s stock.

Zoom Communications Company 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.