Campbell & CO Investment Adviser LLC lessened its holdings in Zynga Inc (NASDAQ:ZNGA) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,043 shares of the company’s stock after selling 1,537 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Zynga were worth $191,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Zynga during the fourth quarter worth approximately $63,587,000. M&T Bank Corp raised its position in shares of Zynga by 13.1% during the first quarter. M&T Bank Corp now owns 24,709 shares of the company’s stock worth $169,000 after purchasing an additional 2,856 shares during the period. Bank of New York Mellon Corp raised its position in shares of Zynga by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 4,668,269 shares of the company’s stock worth $31,977,000 after purchasing an additional 39,478 shares during the period. Comerica Bank raised its position in shares of Zynga by 6.7% during the first quarter. Comerica Bank now owns 165,933 shares of the company’s stock worth $1,265,000 after purchasing an additional 10,360 shares during the period. Finally, Swiss National Bank grew its holdings in Zynga by 1.8% during the first quarter. Swiss National Bank now owns 1,651,053 shares of the company’s stock worth $11,310,000 after buying an additional 28,800 shares in the last quarter. Institutional investors own 77.56% of the company’s stock.
ZNGA has been the subject of several recent research reports. Oppenheimer upped their price target on Zynga from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. SunTrust Banks upped their price target on Zynga from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, April 17th. Bank of America downgraded Zynga from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $6.70 to $7.50 in a report on Wednesday, April 22nd. Cowen upped their price target on Zynga from $9.50 to $10.50 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Finally, KeyCorp upped their price target on Zynga from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $9.83.
Shares of NASDAQ:ZNGA opened at $9.83 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.89 and a current ratio of 1.89. The business has a fifty day moving average price of $9.59 and a two-hundred day moving average price of $7.79. Zynga Inc has a 1 year low of $5.51 and a 1 year high of $10.55.
Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $424.88 million for the quarter, compared to the consensus estimate of $405.51 million. Zynga had a negative return on equity of 3.55% and a net margin of 4.58%. As a group, sell-side analysts anticipate that Zynga Inc will post 0.19 EPS for the current fiscal year.
In other news, CAO Jeffrey Buckley sold 4,014 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $9.09, for a total transaction of $36,487.26. Following the completion of the transaction, the chief accounting officer now owns 82,719 shares in the company, valued at approximately $751,915.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew S. Bromberg sold 12,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $9.82, for a total value of $117,840.00. Following the transaction, the chief operating officer now owns 860,704 shares of the company’s stock, valued at approximately $8,452,113.28. The disclosure for this sale can be found here. Insiders have sold a total of 421,813 shares of company stock valued at $3,869,617 in the last quarter. 9.40% of the stock is owned by corporate insiders.
Zynga Company 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. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.
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