First Quadrant L P CA raised its stake in Zynga Inc (NASDAQ:ZNGA) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,576,929 shares of the company’s stock after purchasing an additional 574,507 shares during the period. First Quadrant L P CA owned 0.76% of Zynga worth $26,308,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its position in shares of Zynga by 453.4% in the third quarter. Alyeska Investment Group L.P. now owns 7,107,304 shares of the company’s stock valued at $26,866,000 after acquiring an additional 5,822,916 shares during the period. Renaissance Technologies LLC boosted its position in shares of Zynga by 33.4% in the second quarter. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock valued at $83,755,000 after acquiring an additional 5,759,000 shares during the period. Telemark Asset Management LLC bought a new stake in shares of Zynga in the third quarter valued at about $18,900,000. River & Mercantile Asset Management LLP boosted its position in shares of Zynga by 126.3% in the third quarter. River & Mercantile Asset Management LLP now owns 7,707,049 shares of the company’s stock valued at $29,171,000 after acquiring an additional 4,301,645 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in shares of Zynga by 3,515.6% in the second quarter. Balyasny Asset Management LLC now owns 3,404,736 shares of the company’s stock valued at $12,393,000 after acquiring an additional 3,310,568 shares during the period. Hedge funds and other institutional investors own 70.47% of the company’s stock.
ZNGA has been the subject of a number of recent research reports. Cowen reissued a “buy” rating and issued a $4.50 target price on shares of Zynga in a research report on Thursday, October 12th. Wedbush set a $5.00 target price on shares of Zynga and gave the company a “buy” rating in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Zynga in a research report on Tuesday, October 17th. Zacks Investment Research cut shares of Zynga from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub cut shares of Zynga from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $4.14.
Zynga Inc (ZNGA) traded up $0.01 on Tuesday, reaching $3.73. 9,011,700 shares of the company traded hands, compared to its average volume of 15,150,700. Zynga Inc has a 1-year low of $2.40 and a 1-year high of $4.34. The company has a market capitalization of $3,250.00, a PE ratio of -124.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.76.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Zynga had a negative net margin of 2.65% and a negative return on equity of 1.37%. The business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $211.98 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Zynga’s revenue was up 23.1% compared to the same quarter last year. analysts expect that Zynga Inc will post 0.02 EPS for the current fiscal year.
In other news, COO Matthew S. Bromberg sold 50,000 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $3.95, for a total value of $197,500.00. Following the completion of the transaction, the chief operating officer now owns 294,206 shares of the company’s stock, valued at $1,162,113.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew S. Bromberg sold 20,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $3.92, for a total transaction of $78,400.00. Following the completion of the transaction, the chief operating officer now directly owns 274,206 shares of the company’s stock, valued at approximately $1,074,887.52. The disclosure for this sale can be found here. Insiders have sold 256,000 shares of company stock valued at $1,009,000 in the last ninety days. 12.43% of the stock is currently owned by company insiders.
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Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.
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