Point View Wealth Management Inc. acquired a new position in Zynga Inc (NASDAQ:ZNGA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 13,864 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Iridian Asset Management LLC CT acquired a new position in shares of Zynga in the third quarter worth about $153,074,000. BlackRock Inc. boosted its holdings in shares of Zynga by 19.0% in the third quarter. BlackRock Inc. now owns 72,114,183 shares of the company’s stock worth $289,178,000 after buying an additional 11,520,469 shares during the period. River & Mercantile Asset Management LLP boosted its holdings in shares of Zynga by 61.7% in the third quarter. River & Mercantile Asset Management LLP now owns 12,059,161 shares of the company’s stock worth $48,297,000 after buying an additional 4,599,517 shares during the period. First Trust Advisors LP boosted its holdings in shares of Zynga by 21.3% in the third quarter. First Trust Advisors LP now owns 20,256,659 shares of the company’s stock worth $81,229,000 after buying an additional 3,559,056 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in shares of Zynga by 41.4% in the third quarter. Teachers Advisors LLC now owns 10,244,190 shares of the company’s stock worth $41,079,000 after buying an additional 2,997,355 shares during the period. 79.03% of the stock is currently owned by institutional investors.

Several research analysts have commented on ZNGA shares. BidaskClub upgraded shares of Zynga from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 5th. Stephens started coverage on shares of Zynga in a report on Thursday, January 10th. They issued an “equal weight” rating and a $4.75 target price for the company. Wedbush decreased their target price on shares of Zynga from $6.00 to $5.00 and set a “buy” rating for the company in a report on Friday, December 21st. Piper Jaffray Companies reiterated an “overweight” rating and issued a $6.00 target price on shares of Zynga in a report on Thursday, February 7th. Finally, Barclays set a $4.00 price target on shares of Zynga and gave the stock a “sell” rating in a report on Sunday, December 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $4.98.

ZNGA stock opened at $5.05 on Tuesday. The company has a market cap of $4.35 billion, a P/E ratio of 252.50, a P/E/G ratio of 1.65 and a beta of 0.43. Zynga Inc has a 52 week low of $3.32 and a 52 week high of $5.14.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $248.69 million for the quarter, compared to analyst estimates of $245.78 million. Zynga had a return on equity of 1.14% and a net margin of 1.70%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. Analysts anticipate that Zynga Inc will post 0.13 EPS for the current year.

In related news, CAO Jeffrey Buckley sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $4.00, for a total transaction of $400,000.00. Following the transaction, the chief accounting officer now owns 36,808 shares of the company’s stock, valued at $147,232. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Matthew S. Bromberg sold 33,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $3.81, for a total transaction of $127,635.00. Following the transaction, the chief operating officer now directly owns 512,318 shares in the company, valued at approximately $1,951,931.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 434,694 shares of company stock worth $1,749,063. Insiders own 11.87% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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