Axa raised its stake in shares of Zynga Inc (NASDAQ:ZNGA) by 25.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,653,800 shares of the company’s stock after buying an additional 530,900 shares during the quarter. Axa’s holdings in Zynga were worth $10,615,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in ZNGA. Bourgeon Capital Management LLC grew 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 valued at $101,000 after buying an additional 15,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Zynga by 23.2% during 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 during the last quarter. Crow Point Partners LLC acquired a new stake in Zynga during the 4th quarter valued at $114,000. Dynamic Technology Lab Private Ltd acquired a new stake in Zynga during the 3rd quarter valued at $150,000. Finally, State of Alaska Department of Revenue acquired a new stake in Zynga during the 4th quarter valued at $178,000. Hedge funds and other institutional investors own 70.45% of the company’s stock.
Zynga Inc (NASDAQ ZNGA) opened at $3.72 on Monday. The firm has a market capitalization of $3,241.59, a price-to-earnings ratio of 124.04, a P/E/G ratio of 2.71 and a beta of 0.52. Zynga Inc has a 52-week low of $2.71 and a 52-week high of $4.34.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Zynga from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Jefferies Group restated a “buy” rating and set a $5.00 price objective on shares of Zynga in a report on Sunday, February 11th. Credit Suisse Group raised their price objective on Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a report on Thursday, February 8th. Wedbush set a $6.00 price objective on Zynga and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, BidaskClub upgraded Zynga from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $4.24.
In related news, COO Matthew S. Bromberg sold 20,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $3.92, for a total value of $78,400.00. Following the transaction, the chief operating officer now directly owns 274,206 shares of the company’s stock, valued at approximately $1,074,887.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $3.62, for a total value of $43,440.00. Following the completion of the transaction, the director now directly owns 235,900 shares in the company, valued at $853,958. The disclosure for this sale can be found here. Insiders sold a total of 268,000 shares of company stock worth $1,051,000 over the last ninety days. Corporate insiders own 12.43% of the company’s stock.
Zynga Company Profile
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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