Macquarie Group Ltd. Purchases New Holdings in Zynga Inc. (ZNGA)
Macquarie Group Ltd. bought a new position in shares of Zynga Inc. (NASDAQ:ZNGA) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 92,502 shares of the company’s stock, valued at approximately $350,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in Zynga by 454.0% during the second quarter. Legal & General Group Plc now owns 1,414,781 shares of the company’s stock worth $5,110,000 after buying an additional 1,159,405 shares during the last quarter. Comerica Bank boosted its holdings in Zynga by 914.3% during the second quarter. Comerica Bank now owns 306,032 shares of the company’s stock worth $1,148,000 after buying an additional 275,860 shares during the last quarter. Amalgamated Bank boosted its holdings in Zynga by 31.7% during the second quarter. Amalgamated Bank now owns 137,196 shares of the company’s stock worth $499,000 after buying an additional 33,022 shares during the last quarter. FMR LLC bought a new position in Zynga during the second quarter worth about $8,920,000. Finally, Northern Trust Corp boosted its holdings in Zynga by 8.1% during the second quarter. Northern Trust Corp now owns 4,667,868 shares of the company’s stock worth $16,992,000 after buying an additional 349,093 shares during the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
Zynga Inc. (NASDAQ:ZNGA) opened at $4.04 on Friday. Zynga Inc. has a one year low of $2.40 and a one year high of $4.34.
In other news, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $3.79, for a total transaction of $45,480.00. Following the completion of the transaction, the director now directly owns 122,478 shares in the company, valued at approximately $464,191.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.43% of the company’s stock.
ZNGA has been the topic of a number of recent analyst reports. Robert W. Baird restated a “hold” rating and set a $4.00 target price on shares of Zynga in a report on Friday, September 15th. Wedbush set a $5.00 target price on Zynga and gave the stock a “buy” rating in a report on Wednesday, October 18th. Cowen restated a “buy” rating and set a $4.50 target price on shares of Zynga in a report on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Zynga in a report on Tuesday, October 17th. Finally, BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $4.11.
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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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