Moran Wealth Management LLC Has $2.84 Million Stock Position in Zoom Communications, Inc. $ZM

Moran Wealth Management LLC raised its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,442 shares of the company’s stock after purchasing an additional 2,017 shares during the quarter. Moran Wealth Management LLC’s holdings in Zoom Communications were worth $2,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ZM. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Zoom Communications by 63.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock worth $166,651,000 after acquiring an additional 830,393 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Zoom Communications by 119.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company’s stock valued at $103,670,000 after purchasing an additional 765,092 shares during the last quarter. Vanguard Group Inc. increased its position in Zoom Communications by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company’s stock worth $1,829,249,000 after purchasing an additional 624,863 shares in the last quarter. Nuveen LLC bought a new position in Zoom Communications in the 1st quarter valued at approximately $37,646,000. Finally, Junto Capital Management LP lifted its stake in Zoom Communications by 93.8% in the 1st quarter. Junto Capital Management LP now owns 868,507 shares of the company’s stock valued at $64,070,000 after purchasing an additional 420,275 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Transactions at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 33,956 shares of the company’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the sale, the chief financial officer owned 20,539 shares of the company’s stock, valued at approximately $1,684,198. This represents a 62.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $80.78, for a total value of $199,930.50. Following the sale, the director owned 152,644 shares of the company’s stock, valued at approximately $12,330,582.32. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,328 shares of company stock worth $7,170,074. Company insiders own 11.51% of the company’s stock.

Wall Street Analysts Forecast Growth

ZM has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Zoom Communications in a research note on Tuesday. Dbs Bank raised Zoom Communications to a “moderate buy” rating in a report on Tuesday, September 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Piper Sandler reiterated a “neutral” rating and issued a $85.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. Finally, William Blair restated an “outperform” rating on shares of Zoom Communications in a report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $91.74.

Zoom Communications Trading Up 0.2%

Shares of ZM opened at $79.51 on Thursday. The company has a market capitalization of $24.06 billion, a PE ratio of 20.98, a PEG ratio of 10.82 and a beta of 0.78. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $92.80. The stock’s 50-day moving average price is $80.21 and its two-hundred day moving average price is $77.73.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted $1.39 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Equities research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

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.