Allianz Asset Management GmbH grew its position in Zynga Inc (NASDAQ:ZNGA) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,911,982 shares of the company’s stock after purchasing an additional 174,814 shares during the period. Allianz Asset Management GmbH owned approximately 0.22% of Zynga worth $7,648,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Bourgeon Capital Management LLC lifted its holdings in Zynga by 147.1% during the 4th quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock worth $101,000 after buying an additional 15,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Zynga by 23.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock valued at $112,000 after buying an additional 5,815 shares in the last quarter. Crow Point Partners LLC purchased a new position in shares of Zynga during the 4th quarter worth $114,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Zynga during the 3rd quarter worth $150,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Zynga during the 4th quarter worth $178,000. 71.37% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $3.62, for a total value of $43,440.00. Following the transaction, the director now directly owns 235,900 shares in the company, valued at $853,958. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bernard Jin Kim sold 50,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $3.94, for a total value of $197,000.00. Following the sale, the insider now directly owns 349,450 shares of the company’s stock, valued at approximately $1,376,833. The disclosure for this sale can be found here. Insiders have sold a total of 268,000 shares of company stock worth $1,051,000 over the last ninety days. Insiders own 12.43% of the company’s stock.
Zynga stock traded down $0.04 during trading hours on Thursday, reaching $3.90. 3,041,003 shares of the company were exchanged, compared to its average volume of 13,213,030. Zynga Inc has a 1-year low of $2.73 and a 1-year high of $4.34. The company has a market capitalization of $3,337.44, a price-to-earnings ratio of 129.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52.
Zynga (NASDAQ:ZNGA) last posted its earnings results on Wednesday, February 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $233.30 million for the quarter, compared to analyst estimates of $218.64 million. Zynga had a return on equity of 1.66% and a net margin of 3.09%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. analysts anticipate that Zynga Inc will post 0.06 EPS for the current fiscal year.
A number of brokerages have weighed in on ZNGA. Zacks Investment Research lowered Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Consumer Edge started coverage on shares of Zynga in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $4.50 price objective on the stock. BidaskClub lowered shares of Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Wedbush set a $6.00 target price on shares of Zynga and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Credit Suisse Group lifted their price objective on shares of Zynga from $3.80 to $4.00 and gave the company an “underperform” rating in a research note on Thursday, February 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Zynga presently has an average rating of “Hold” and an average target price of $4.24.
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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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