Zynga Inc (ZNGA) Shares Sold by Global X Management Co. LLC

Global X Management Co. LLC lowered its holdings in shares of Zynga Inc (NASDAQ:ZNGA) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 999,816 shares of the company’s stock after selling 28,810 shares during the period. Global X Management Co. LLC owned approximately 0.11% of Zynga worth $3,999,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ZNGA. Wells Fargo & Company MN raised its stake in Zynga by 82.9% during the 2nd quarter. Wells Fargo & Company MN now owns 376,003 shares of the company’s stock valued at $1,369,000 after acquiring an additional 170,416 shares in the last quarter. 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 acquiring an additional 3,261 shares in the last quarter. GSA Capital Partners LLP raised its stake in Zynga by 93.0% during the 2nd quarter. GSA Capital Partners LLP now owns 67,684 shares of the company’s stock valued at $246,000 after acquiring an additional 32,612 shares in the last quarter. Northern Trust Corp raised its stake in Zynga by 8.1% during the 2nd quarter. Northern Trust Corp now owns 4,667,868 shares of the company’s stock valued at $16,992,000 after acquiring an additional 349,093 shares in the last quarter. Finally, FMR LLC bought a new stake in Zynga during the 2nd quarter valued at $8,920,000. 71.87% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $3.97, for a total transaction of $47,640.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Matthew S. Bromberg sold 50,000 shares of Zynga 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 transaction, the chief operating officer now owns 294,206 shares in the company, valued at approximately $1,162,113.70. The disclosure for this sale can be found here. Insiders have sold 256,000 shares of company stock worth $1,007,560 over the last ninety days. 12.43% of the stock is owned by insiders.

Shares of Zynga Inc (ZNGA) traded up $0.08 during trading on Friday, hitting $3.60. The stock had a trading volume of 11,282,643 shares, compared to its average volume of 15,322,808. The firm has a market capitalization of $3,064.31, a price-to-earnings ratio of 120.04, a PEG ratio of 2.56 and a beta of 0.51. Zynga Inc has a 12 month low of $2.64 and a 12 month high of $4.34.

Zynga (NASDAQ:ZNGA) last announced its earnings results on Wednesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $233.30 million for the quarter, compared to analyst estimates of $218.64 million. Zynga had a return on equity of 1.66% and a net margin of 3.09%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the firm earned ($0.04) earnings per share. sell-side analysts predict that Zynga Inc will post 0.06 EPS for the current year.

A number of research firms have recently commented on ZNGA. Zacks Investment Research downgraded Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. 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 on the stock. BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Wedbush set a $6.00 price objective on Zynga and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Credit Suisse Group boosted their price objective on Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.24.

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About Zynga

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.

Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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