Zynga Inc. (ZNGA) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC boosted its stake in shares of Zynga Inc. (NASDAQ:ZNGA) by 333.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,425,105 shares of the company’s stock after acquiring an additional 2,635,584 shares during the period. Teachers Advisors LLC owned about 0.40% of Zynga worth $12,467,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Zynga by 5,061.5% during the first quarter. BlackRock Inc. now owns 35,936,741 shares of the company’s stock worth $102,420,000 after acquiring an additional 35,240,491 shares during the period. Legal & General Group Plc raised its position in shares of Zynga by 454.0% in the second quarter. Legal & General Group Plc now owns 1,414,781 shares of the company’s stock valued at $5,110,000 after buying an additional 1,159,405 shares during the last quarter. Two Sigma Securities LLC raised its position in shares of Zynga by 103.1% in the first quarter. Two Sigma Securities LLC now owns 101,074 shares of the company’s stock valued at $288,000 after buying an additional 51,299 shares during the last quarter. Morgan Stanley raised its position in shares of Zynga by 30.4% in the first quarter. Morgan Stanley now owns 27,433,552 shares of the company’s stock valued at $78,186,000 after buying an additional 6,397,949 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Zynga by 1.2% in the first quarter. UBS Group AG now owns 9,532,580 shares of the company’s stock valued at $27,168,000 after buying an additional 112,230 shares during the last quarter. Institutional investors own 68.19% of the company’s stock.
In related news, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $3.62, for a total value of $43,440.00. Following the completion of the transaction, the director now owns 158,478 shares of the company’s stock, valued at approximately $573,690.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 36,000 shares of company stock valued at $132,360 in the last three months. 12.43% of the stock is currently owned by corporate insiders.
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Shares of Zynga Inc. (ZNGA) opened at 3.78 on Friday. Zynga Inc. has a one year low of $2.40 and a one year high of $4.02. The company has a 50 day moving average of $3.68 and a 200-day moving average of $3.37. The stock’s market cap is $3.27 billion.
Zynga (NASDAQ:ZNGA) last announced its earnings results on Wednesday, August 2nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The firm had revenue of $209.20 million during the quarter, compared to analyst estimates of $201.64 million. Zynga’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts anticipate that Zynga Inc. will post $0.10 earnings per share for the current year.
A number of equities research analysts have recently commented on the stock. Robert W. Baird reiterated a “hold” rating and issued a $4.00 target price on shares of Zynga in a research report on Friday, September 15th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Zynga in a research report on Friday, September 8th. They issued a “neutral” rating and a $3.90 target price for the company. BidaskClub upgraded shares of Zynga from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Zynga from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Thursday, August 10th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $4.35 target price (up from $3.65) on shares of Zynga in a research report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Zynga currently has an average rating of “Buy” and an average price target of $4.06.
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.
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