
Zoom Communications, Inc. $ZM Position Increased by Rhumbline Advisers

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Rhumbline Advisers increased its stake in Zoom Communications, Inc. (NASDAQ: ZM) by 2.7% in Q3, owning 462,474 shares valued at $38.15 million. Other investors also adjusted their positions, with Norges Bank investing $539.99 million. Analysts have set price targets ranging from $87 to $115, with a consensus rating of "Moderate Buy" and an average target price of $94.74. Zoom reported Q3 earnings of $1.52 EPS, exceeding estimates, with revenue of $1.23 billion, up 4.4% year-over-year. The stock opened at $92.60, with a market cap of $27.42 billion.
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