Keybank National Association OH cut its holdings in Zynga Inc. (NASDAQ:ZNGA) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,401 shares of the company’s stock after selling 13,654 shares during the period. Keybank National Association OH’s holdings in Zynga were worth $1,071,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. IBM Retirement Fund grew its position in Zynga by 39.0% in the third quarter. IBM Retirement Fund now owns 28,818 shares of the company’s stock worth $263,000 after acquiring an additional 8,092 shares in the last quarter. Standard Life Aberdeen plc bought a new position in shares of Zynga during the 3rd quarter valued at approximately $12,879,000. Blair William & Co. IL raised its holdings in Zynga by 1.8% during the 2nd quarter. Blair William & Co. IL now owns 97,695 shares of the company’s stock valued at $932,000 after buying an additional 1,773 shares during the period. Synovus Financial Corp lifted its position in Zynga by 358.6% in the second quarter. Synovus Financial Corp now owns 16,059 shares of the company’s stock worth $153,000 after buying an additional 12,557 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Zynga during the second quarter worth $582,000. Hedge funds and other institutional investors own 69.62% of the company’s stock.
In other news, CFO James Gerard Griffin sold 52,900 shares of Zynga stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $9.23, for a total value of $488,267.00. Following the transaction, the chief financial officer now owns 616,218 shares of the company’s stock, valued at approximately $5,687,692.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey Buckley sold 10,977 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $9.38, for a total transaction of $102,964.26. Following the transaction, the chief accounting officer now owns 92,983 shares of the company’s stock, valued at approximately $872,180.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 409,919 shares of company stock valued at $3,545,101. Corporate insiders own 9.40% of the company’s stock.
NASDAQ ZNGA opened at $9.87 on Thursday. The company has a market cap of $10.61 billion, a PE ratio of -329.00, a P/E/G ratio of 1.92 and a beta of 0.26. The firm’s 50 day moving average price is $9.12 and its 200-day moving average price is $8.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.84 and a current ratio of 1.84. Zynga Inc. has a 52-week low of $5.65 and a 52-week high of $10.69.
Zynga (NASDAQ:ZNGA) last posted its earnings results on Wednesday, August 5th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). Zynga had a negative return on equity of 2.06% and a negative net margin of 1.72%. The company had revenue of $518.13 million for the quarter, compared to analysts’ expectations of $503.07 million. On average, analysts forecast that Zynga Inc. will post 0.23 earnings per share for the current fiscal year.
Several research firms have recently issued reports on ZNGA. UBS Group raised their target price on shares of Zynga from $8.30 to $12.50 and gave the stock a “buy” rating in a report on Thursday, July 16th. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their target price on Zynga from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. Wedbush reaffirmed an “outperform” rating on shares of Zynga in a research note on Monday. Benchmark reissued a “buy” rating and set a $11.00 price target on shares of Zynga in a research note on Monday, July 20th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Zynga in a research report on Thursday, August 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Zynga presently has an average rating of “Buy” and a consensus price target of $10.80.
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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