Alambic Investment Management L.P. Raises Position in Zynga (ZNGA)

Alambic Investment Management L.P. boosted its stake in shares of Zynga (NASDAQ:ZNGA) by 10.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,042,300 shares of the company’s stock after purchasing an additional 187,900 shares during the quarter. Zynga comprises 1.0% of Alambic Investment Management L.P.’s holdings, making the stock its 5th largest holding. Alambic Investment Management L.P. owned 0.23% of Zynga worth $7,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ZNGA. OppenheimerFunds Inc. boosted its position in Zynga by 111.8% during the fourth quarter. OppenheimerFunds Inc. now owns 20,071,799 shares of the company’s stock valued at $80,287,000 after purchasing an additional 10,596,901 shares in the last quarter. Teachers Advisors LLC boosted its position in Zynga by 287.4% during the fourth quarter. Teachers Advisors LLC now owns 13,288,462 shares of the company’s stock valued at $53,154,000 after purchasing an additional 9,858,450 shares in the last quarter. American Century Companies Inc. raised its stake in Zynga by 40.7% in the fourth quarter. American Century Companies Inc. now owns 13,040,309 shares of the company’s stock valued at $52,161,000 after buying an additional 3,774,156 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in Zynga in the fourth quarter valued at about $14,508,000. Finally, TIAA CREF Investment Management LLC raised its stake in Zynga by 134.4% in the fourth quarter. TIAA CREF Investment Management LLC now owns 5,824,839 shares of the company’s stock valued at $23,299,000 after buying an additional 3,339,566 shares during the last quarter. 70.84% of the stock is currently owned by institutional investors.

In other news, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $3.80, for a total value of $45,600.00. Following the completion of the transaction, the director now directly owns 241,321 shares in the company, valued at $917,019.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Matthew S. Bromberg sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $3.57, for a total value of $71,400.00. Following the completion of the transaction, the chief operating officer now owns 340,056 shares of the company’s stock, valued at $1,213,999.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,000 shares of company stock valued at $202,680. Company insiders own 11.87% of the company’s stock.

A number of equities research analysts have commented on the company. ValuEngine upgraded Zynga from a “hold” rating to a “buy” rating in a research note on Monday, May 7th. BidaskClub upgraded Zynga from a “sell” rating to a “hold” rating in a research note on Friday, May 4th. Jefferies Group reiterated a “buy” rating and issued a $5.00 price target on shares of Zynga in a research note on Friday, May 11th. Credit Suisse Group increased their price target on Zynga from $3.80 to $4.00 and gave the company an “underperform” rating in a research note on Thursday, February 8th. Finally, Wedbush set a $6.00 price target on Zynga and gave the company a “buy” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.32.

Shares of Zynga opened at $4.07 on Wednesday, MarketBeat reports. Zynga has a 52-week low of $3.88 and a 52-week high of $4.01. The stock has a market capitalization of $3.40 billion, a PE ratio of 135.67, a PEG ratio of 2.33 and a beta of 0.50.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Zynga had a return on equity of 2.57% and a net margin of 4.77%. The firm had revenue of $208.23 million during the quarter, compared to analysts’ expectations of $204.05 million. During the same period last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. research analysts anticipate that Zynga will post 0.07 EPS for the current year.

Zynga Profile

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.

Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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