First Quadrant L P CA boosted its holdings in Zynga Inc (NASDAQ:ZNGA) by 180.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,103 shares of the company’s stock after purchasing an additional 14,876 shares during the quarter. First Quadrant L P CA’s holdings in Zynga were worth $123,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc boosted its position in Zynga by 1.7% during the third quarter. Vanguard Group Inc now owns 65,906,089 shares of the company’s stock valued at $264,283,000 after purchasing an additional 1,082,874 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Zynga by 1.7% in the third quarter. Vanguard Group Inc. now owns 65,906,089 shares of the company’s stock worth $264,283,000 after acquiring an additional 1,082,874 shares in the last quarter. First Trust Advisors LP boosted its holdings in Zynga by 12.1% in the fourth quarter. First Trust Advisors LP now owns 22,713,166 shares of the company’s stock worth $89,263,000 after acquiring an additional 2,456,507 shares in the last quarter. FMR LLC boosted its holdings in Zynga by 6,486,449.1% in the fourth quarter. FMR LLC now owns 15,048,794 shares of the company’s stock worth $59,142,000 after acquiring an additional 15,048,562 shares in the last quarter. Finally, Norges Bank acquired a new stake in Zynga in the fourth quarter worth about $41,398,000. Hedge funds and other institutional investors own 76.66% of the company’s stock.
ZNGA has been the subject of several recent analyst reports. BidaskClub downgraded Zynga from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 20th. Robert W. Baird raised Zynga from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $5.00 to $8.00 in a report on Thursday, May 2nd. KeyCorp raised their price objective on Zynga from $5.00 to $6.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Piper Jaffray Companies restated an “overweight” rating and issued a $6.00 price objective on shares of Zynga in a research note on Thursday, February 7th. Finally, Wedbush raised their price objective on Zynga from $6.40 to $7.50 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Zynga presently has an average rating of “Buy” and an average target price of $6.35.
Shares of Zynga stock traded up $0.04 on Wednesday, reaching $6.21. The company’s stock had a trading volume of 8,889,600 shares, compared to its average volume of 15,642,676. The stock has a market capitalization of $5.71 billion, a PE ratio of 310.50, a price-to-earnings-growth ratio of 2.01 and a beta of 0.43. Zynga Inc has a 52-week low of $3.32 and a 52-week high of $6.31.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.17). The business had revenue of $265.00 million during the quarter, compared to analysts’ expectations of $255.45 million. Zynga had a negative net margin of 12.34% and a negative return on equity of 7.09%. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. Equities analysts forecast that Zynga Inc will post 0.14 EPS for the current fiscal year.
In other news, insider Jeffrey Miles Ryan sold 36,798 shares of Zynga stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $5.35, for a total value of $196,869.30. Following the sale, the insider now directly owns 57,970 shares of the company’s stock, valued at $310,139.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Matthew S. Bromberg sold 41,500 shares of Zynga stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $5.38, for a total value of $223,270.00. Following the completion of the sale, the chief operating officer now directly owns 571,362 shares in the company, valued at $3,073,927.56. The disclosure for this sale can be found here. Insiders sold 3,095,503 shares of company stock worth $16,924,915 over the last ninety days. Corporate insiders own 9.40% of the company’s stock.
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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 Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.
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