Global X Management Co. LLC cut its stake in shares of Zynga Inc (NASDAQ:ZNGA) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 999,816 shares of the company’s stock after selling 28,810 shares during the period. Global X Management Co. LLC owned about 0.11% of Zynga worth $3,999,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in Zynga by 4.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 75,150 shares of the company’s stock valued at $274,000 after buying an additional 3,261 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Zynga by 23.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock valued at $112,000 after buying an additional 5,815 shares during the last quarter. Bourgeon Capital Management LLC raised its stake in Zynga by 147.1% during the 4th quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock valued at $101,000 after buying an additional 15,000 shares during the last quarter. Sei Investments Co. raised its stake in Zynga by 7.6% during the 3rd quarter. Sei Investments Co. now owns 310,209 shares of the company’s stock valued at $1,173,000 after buying an additional 22,000 shares during the last quarter. Finally, Crow Point Partners LLC purchased a new stake in Zynga during the 4th quarter valued at $114,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
A number of equities research analysts have weighed in on ZNGA shares. Jefferies Group reiterated a “buy” rating and set a $5.00 target price on shares of Zynga in a research note on Sunday, February 11th. Wedbush set a $6.00 price objective on Zynga and gave the stock a “buy” rating in a research note on Thursday, February 8th. BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered Zynga from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Consumer Edge began coverage on Zynga in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $4.50 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Zynga currently has an average rating of “Hold” and an average price target of $4.24.
Shares of Zynga Inc (NASDAQ:ZNGA) opened at $3.59 on Friday. The company has a market capitalization of $3,130.00, a price-to-earnings ratio of 119.67, a PEG ratio of 2.54 and a beta of 0.51. Zynga Inc has a 12 month low of $2.61 and a 12 month high of $4.34.
Zynga (NASDAQ:ZNGA) last issued its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $233.30 million during the quarter, compared to the consensus estimate of $218.64 million. Zynga had a return on equity of 1.66% and a net margin of 3.09%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) EPS. analysts forecast that Zynga Inc will post 0.06 EPS for the current year.
In related news, COO Matthew S. Bromberg sold 50,000 shares of the company’s stock in a transaction on 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 approximately $1,162,113.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $3.74, for a total transaction of $44,880.00. Following the completion of the transaction, the director now directly owns 247,900 shares of the company’s stock, valued at approximately $927,146. The disclosure for this sale can be found here. Insiders sold a total of 256,000 shares of company stock valued at $1,007,560 in the last ninety days. 12.43% of the stock is currently owned by 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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