Exane Derivatives Sells 7,046 Shares of Zynga Inc (NASDAQ:ZNGA)

Exane Derivatives trimmed its stake in shares of Zynga Inc (NASDAQ:ZNGA) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,757 shares of the company’s stock after selling 7,046 shares during the quarter. Exane Derivatives’ holdings in Zynga were worth $417,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ZNGA. Public Employees Retirement Association of Colorado raised its stake in shares of Zynga by 9.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 124,936 shares of the company’s stock valued at $856,000 after purchasing an additional 10,394 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Zynga by 7.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 84,359 shares of the company’s stock valued at $577,000 after purchasing an additional 6,060 shares during the period. Victory Capital Management Inc. raised its stake in shares of Zynga by 6.3% during the 1st quarter. Victory Capital Management Inc. now owns 271,300 shares of the company’s stock valued at $1,858,000 after purchasing an additional 15,983 shares during the period. Principal Financial Group Inc. raised its stake in shares of Zynga by 21.9% during the 1st quarter. Principal Financial Group Inc. now owns 112,569 shares of the company’s stock valued at $771,000 after purchasing an additional 20,212 shares during the period. Finally, US Bancorp DE raised its stake in shares of Zynga by 6.2% during the 1st quarter. US Bancorp DE now owns 45,101 shares of the company’s stock valued at $308,000 after purchasing an additional 2,617 shares during the period. Institutional investors own 69.62% of the company’s stock.

A number of brokerages have weighed in on ZNGA. UBS Group upped their target price on Zynga from $8.30 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, July 16th. They noted that the move was a valuation call. Berenberg Bank lowered Zynga from a “buy” rating to a “hold” rating and set a $10.50 target price on the stock. in a research note on Tuesday, August 11th. Wedbush upped their target price on Zynga from $11.50 to $13.25 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Wells Fargo & Company restated a “hold” rating on shares of Zynga in a research note on Thursday, August 13th. Finally, KeyCorp upped their target price on Zynga from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Zynga currently has an average rating of “Hold” and an average target price of $10.75.

ZNGA stock opened at $9.31 on Friday. The firm has a market cap of $10.01 billion, a PE ratio of -310.33, a price-to-earnings-growth ratio of 1.82 and a beta of 0.29. The business has a 50 day moving average of $8.92 and a 200 day moving average of $8.66. Zynga Inc has a twelve month low of $5.65 and a twelve month high of $10.69. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.41.

Zynga (NASDAQ:ZNGA) last posted its earnings results on Wednesday, August 5th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.08). The business had revenue of $518.13 million during the quarter, compared to the consensus estimate of $503.07 million. Zynga had a negative return on equity of 2.06% and a negative net margin of 1.72%. On average, research analysts expect that Zynga Inc will post 0.23 earnings per share for the current fiscal year.

In other news, COO Matthew S. Bromberg sold 12,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $8.61, for a total value of $103,320.00. Following the transaction, the chief operating officer now directly owns 901,166 shares in the company, valued at approximately $7,759,039.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey Miles Ryan sold 7,789 shares of Zynga stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $9.46, for a total value of $73,683.94. Following the transaction, the insider now owns 20,393 shares in the company, valued at $192,917.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 434,707 shares of company stock worth $3,793,437. Company insiders own 9.40% of the company’s stock.

About Zynga

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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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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