Altshuler Shaham Ltd lifted its stake in shares of Zynga Inc. (NASDAQ:ZNGA) by 56.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,191 shares of the company’s stock after purchasing an additional 1,874 shares during the quarter. Altshuler Shaham Ltd’s holdings in Zynga were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Paradigm Financial Partners LLC bought a new stake in shares of Zynga during the third quarter valued at about $93,000. TD Asset Management Inc. raised its position in Zynga by 43.6% in the third quarter. TD Asset Management Inc. now owns 1,260,148 shares of the company’s stock worth $11,493,000 after acquiring an additional 382,600 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Zynga by 11.7% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 45,780 shares of the company’s stock worth $357,000 after acquiring an additional 4,780 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in Zynga in the third quarter worth about $645,000. Finally, Victory Capital Management Inc. raised its position in Zynga by 194.6% in the third quarter. Victory Capital Management Inc. now owns 758,692 shares of the company’s stock worth $6,919,000 after acquiring an additional 501,167 shares in the last quarter. Institutional investors and hedge funds own 69.62% of the company’s stock.

In related news, Director Ellen F. Siminoff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $7.94, for a total value of $39,700.00. Also, CEO Frank D. Gibeau sold 267,279 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $8.50, for a total value of $2,271,871.50. Following the completion of the sale, the chief executive officer now owns 404,930 shares of the company’s stock, valued at $3,441,905. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 463,666 shares of company stock valued at $3,949,045. Corporate insiders own 9.40% of the company’s stock.

ZNGA has been the topic of several research reports. Berenberg Bank cut shares of Zynga from a “buy” rating to a “hold” rating and set a $10.50 price target on the stock. in a research report on Tuesday, August 11th. Wedbush reissued an “outperform” rating on shares of Zynga in a research note on Monday, November 2nd. Piper Sandler dropped their price target on Zynga from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, November 5th. BidaskClub raised Zynga from a “sell” rating to a “hold” rating in a research note on Monday, October 26th. Finally, MKM Partners started coverage on Zynga in a research note on Wednesday, September 30th. They set a “buy” rating and a $12.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Zynga currently has an average rating of “Buy” and a consensus price target of $10.75.

ZNGA opened at $8.35 on Friday. The business has a 50 day moving average price of $9.00 and a 200 day moving average price of $9.06. Zynga Inc. has a twelve month low of $5.65 and a twelve month high of $10.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $9.01 billion, a P/E ratio of -278.33, a price-to-earnings-growth ratio of 1.92 and a beta of 0.26.

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 Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook and Snapchat.

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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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