Mizuho Securities USA LLC acquired a new stake in shares of Zynga Inc. (NASDAQ:ZNGA) during the second quarter, Holdings Channel reports. The institutional investor acquired 299,208 shares of the company’s stock, valued at approximately $1,089,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Zynga by 10.2% in the first quarter. Vanguard Group Inc. now owns 60,636,895 shares of the company’s stock valued at $172,814,000 after buying an additional 5,635,406 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Zynga by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 53,752,591 shares of the company’s stock valued at $153,195,000 after buying an additional 5,142,597 shares during the last quarter. BlackRock Inc. increased its position in shares of Zynga by 5,061.5% in the first quarter. BlackRock Inc. now owns 35,936,741 shares of the company’s stock valued at $102,420,000 after buying an additional 35,240,491 shares during the last quarter. Morgan Stanley increased its position in shares of Zynga by 30.4% in the first quarter. Morgan Stanley now owns 27,433,552 shares of the company’s stock valued at $78,186,000 after buying an additional 6,397,949 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Zynga by 10.8% in the first quarter. First Trust Advisors LP now owns 11,178,952 shares of the company’s stock valued at $31,860,000 after buying an additional 1,093,280 shares during the last quarter. 66.00% of the stock is owned by institutional investors and hedge funds.

Shares of Zynga Inc. (NASDAQ:ZNGA) traded up 0.53% during trading on Friday, reaching $3.78. 12,764,501 shares of the company’s stock traded hands. Zynga Inc. has a 52-week low of $2.40 and a 52-week high of $3.86. The company’s market cap is $3.25 billion. The company’s 50-day moving average is $3.63 and its 200 day moving average is $3.05.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $194.30 million during the quarter, compared to analyst estimates of $188.14 million. Zynga had a negative net margin of 12.16% and a negative return on equity of 5.25%. The firm’s revenue was up 4.1% on a year-over-year basis. Equities analysts forecast that Zynga Inc. will post $0.09 EPS for the current year.

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ZNGA has been the subject of several research reports. Cowen and Company reissued an “outperform” rating and issued a $3.50 price objective on shares of Zynga in a research note on Friday, May 5th. Zacks Investment Research downgraded shares of Zynga from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Bank of America Corporation increased their price objective on shares of Zynga from $2.50 to $3.25 in a research note on Monday, May 15th. Piper Jaffray Companies reissued a “hold” rating and issued a $3.00 price objective on shares of Zynga in a research note on Monday, May 15th. Finally, Pacific Crest reissued a “sector weight” rating on shares of Zynga in a research note on Wednesday, April 26th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $3.85.

In related news, Director William B. Gordon sold 1,232,373 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $3.50, for a total transaction of $4,313,305.50. Following the completion of the sale, the director now directly owns 832,603 shares in the company, valued at approximately $2,914,110.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $2.91, for a total transaction of $34,920.00. Following the sale, the director now owns 177,057 shares of the company’s stock, valued at $515,235.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,818,010 shares of company stock valued at $6,369,348. Company 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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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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