American Century Companies Inc. Boosts Holdings in Zynga Inc. (ZNGA)
American Century Companies Inc. raised its holdings in shares of Zynga Inc. (NASDAQ:ZNGA) by 1.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,266,153 shares of the company’s stock after purchasing an additional 140,368 shares during the period. American Century Companies Inc. owned 1.07% of Zynga worth $35,026,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. World Asset Management Inc increased its position in Zynga by 0.4% during the 2nd quarter. World Asset Management Inc now owns 27,842 shares of the company’s stock valued at $101,000 after purchasing an additional 98 shares during the period. The Manufacturers Life Insurance Company increased its position 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 purchasing an additional 5,815 shares during the period. HighTower Advisors LLC purchased a new position in Zynga during the 1st quarter valued at about $116,000. Timber Hill LLC increased its position in Zynga by 49.0% during the 2nd quarter. Timber Hill LLC now owns 44,446 shares of the company’s stock valued at $162,000 after purchasing an additional 14,616 shares during the period. Finally, Prudential Financial Inc. increased its position in Zynga by 9.1% during the 2nd quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock valued at $162,000 after purchasing an additional 3,700 shares during the period. 69.31% of the stock is currently owned by institutional investors and hedge funds.
In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $3.79, for a total transaction of $45,480.00. Following the completion of the sale, the director now directly owns 122,478 shares in the company, valued at approximately $464,191.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 36,000 shares of company stock valued at $137,040. Company insiders own 12.43% of the company’s stock.
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Shares of Zynga Inc. (NASDAQ:ZNGA) opened at $3.87 on Tuesday. Zynga Inc. has a 12 month low of $2.40 and a 12 month high of $4.09.
Zynga (NASDAQ:ZNGA) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Zynga had a negative net margin of 2.65% and a negative return on equity of 1.37%. The business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $211.98 million. During the same period in the previous year, the business posted ($0.05) EPS. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. equities research analysts expect that Zynga Inc. will post 0.02 earnings per share for the current year.
A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Zynga from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research report on Saturday. KeyCorp reissued a “hold” rating on shares of Zynga in a research report on Tuesday, October 17th. Wedbush set a $5.00 target price on shares of Zynga and gave the company a “buy” rating in a research report on Wednesday, October 18th. Morgan Stanley reissued an “overweight” rating and set a $3.70 target price on shares of Zynga in a research report on Saturday, July 22nd. Finally, Robert W. Baird reissued a “hold” rating and set a $4.00 target price on shares of Zynga in a research report on Friday, September 15th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $4.11.
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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