State Street Corp raised its position in Zynga Inc. (NASDAQ:ZNGA) by 4.5% during the first quarter, Holdings Channel reports. The fund owned 9,033,788 shares of the company’s stock after buying an additional 390,205 shares during the period. State Street Corp’s holdings in Zynga were worth $25,748,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Clinton Group Inc. raised its position in Zynga by 0.7% in the first quarter. Clinton Group Inc. now owns 61,082 shares of the company’s stock worth $174,000 after buying an additional 423 shares during the last quarter. Principal Financial Group Inc. raised its position in Zynga by 2.8% in the first quarter. Principal Financial Group Inc. now owns 92,862 shares of the company’s stock worth $265,000 after buying an additional 2,540 shares during the last quarter. Amalgamated Bank raised its position in Zynga by 3.3% in the first quarter. Amalgamated Bank now owns 104,174 shares of the company’s stock worth $297,000 after buying an additional 3,346 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Zynga by 11.7% in the first quarter. PNC Financial Services Group Inc. now owns 71,889 shares of the company’s stock worth $205,000 after buying an additional 7,535 shares during the last quarter. Finally, Princeton Portfolio Strategies Group LLC raised its position in Zynga by 43.6% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 35,900 shares of the company’s stock worth $102,000 after buying an additional 10,900 shares during the last quarter. Institutional investors and hedge funds own 66.31% of the company’s stock.

Zynga Inc. (NASDAQ ZNGA) traded up 1.12% during midday trading on Monday, reaching $3.61. The company had a trading volume of 1,471,286 shares. The stock’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.11. The firm’s market capitalization is $3.12 billion. Zynga Inc. has a one year low of $2.40 and a one year high of $3.86.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company had revenue of $209.20 million during the quarter, compared to the consensus estimate of $201.64 million. Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. Zynga’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities research analysts anticipate that Zynga Inc. will post $0.10 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Zynga Inc. (NASDAQ:ZNGA) Stake Raised by State Street Corp” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/07/zynga-inc-nasdaqznga-stake-raised-by-state-street-corp.html.

A number of equities analysts have recently commented on the company. Wedbush reiterated an “outperform” rating on shares of Zynga in a research note on Friday, May 19th. Mizuho reiterated a “buy” rating and issued a $4.20 price objective (up from $3.50) on shares of Zynga in a research note on Saturday, June 3rd. Canaccord Genuity reiterated a “hold” rating and issued a $3.00 price objective on shares of Zynga in a research note on Monday, May 15th. Benchmark Co. reiterated a “buy” rating and issued a $3.65 price objective on shares of Zynga in a research note on Friday, May 5th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $3.50 price objective on shares of Zynga in a research note on Monday, May 15th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Zynga has a consensus rating of “Buy” and an average price target of $3.92.

In other news, Director William B. Gordon sold 549,637 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $3.52, for a total transaction of $1,934,722.24. Following the transaction, the director now directly owns 832,603 shares of the company’s stock, valued at $2,930,762.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William B. Gordon sold 1,232,373 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $3.50, for a total transaction of $4,313,305.50. Following the transaction, the director now directly owns 832,603 shares in the company, valued at $2,914,110.50. The disclosure for this sale can be found here. Insiders have sold 1,818,010 shares of company stock worth $6,377,868 over the last ninety days. Insiders own 12.43% of the company’s stock.

Zynga Company Profile

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.

Want to see what other hedge funds are holding ZNGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zynga Inc. (NASDAQ:ZNGA).

Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

Receive News & Stock Ratings for Zynga Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynga Inc. and related stocks with our FREE daily email newsletter.