Eagle Asset Management Inc. reduced its position in shares of Zynga Inc (NASDAQ:ZNGA) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,892,773 shares of the company’s stock after selling 18,487 shares during the period. Eagle Asset Management Inc. owned approximately 0.45% of Zynga worth $15,610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Zynga during the third quarter worth about $1,016,000. JPMorgan Chase & Co. raised its holdings in Zynga by 2,424.9% during the third quarter. JPMorgan Chase & Co. now owns 623,434 shares of the company’s stock worth $2,500,000 after purchasing an additional 598,743 shares in the last quarter. ING Groep NV purchased a new position in Zynga during the third quarter worth about $8,337,000. American Century Companies Inc. purchased a new position in Zynga during the third quarter worth about $5,719,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in Zynga by 12.5% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 121,500 shares of the company’s stock worth $487,000 after purchasing an additional 13,500 shares in the last quarter. 79.78% of the stock is owned by hedge funds and other institutional investors.

In other news, COO Matthew S. Bromberg sold 41,500 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $3.95, for a total value of $163,925.00. Following the sale, the chief operating officer now directly owns 493,294 shares in the company, valued at $1,948,511.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $3.92, for a total transaction of $47,040.00. Following the completion of the sale, the director now owns 213,277 shares in the company, valued at $836,045.84. The disclosure for this sale can be found here. Insiders sold 584,322 shares of company stock worth $2,206,276 over the last quarter. Company insiders own 11.87% of the company’s stock.

ZNGA has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on shares of Zynga in a report on Thursday, September 27th. They set a “buy” rating and a $5.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and set a $5.25 price target on shares of Zynga in a report on Thursday, October 11th. Barclays assumed coverage on shares of Zynga in a report on Thursday, August 9th. They set an “underweight” rating and a $3.70 price target for the company. BidaskClub cut shares of Zynga from a “sell” rating to a “strong sell” rating in a report on Friday, August 17th. Finally, Wedbush reaffirmed a “buy” rating and issued a $6.00 target price on shares of Zynga in a report on Friday, October 26th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Zynga currently has an average rating of “Hold” and an average target price of $4.85.

ZNGA stock opened at $3.49 on Thursday. The company has a market capitalization of $2.96 billion, a PE ratio of 116.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.42. Zynga Inc has a 12 month low of $3.20 and a 12 month high of $4.57.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $233.24 million for the quarter, compared to analyst estimates of $224.54 million. Zynga had a net margin of 3.12% and a return on equity of 1.89%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share. Sell-side analysts predict that Zynga Inc will post 0.1 EPS for the current fiscal year.

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Zynga Company Profile

Zynga, Inc provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple’s iOS operating system and Google’s Android operating system, and social networking sites such as Facebook. It offers Chess with Friends, Crazy Cake Swap, Draw Something, FarmVille, Gems With Friends, Ice Age: Arctic Blast, Looney Tunes Dash, Speed Guess Something, What’s The Phrase, Wizard of Oz Magic Match, Yummy Gummy, Free Slots, Black Diamond Casino, Hit It Rich, Zynga Poker and Willy Wonka Slots.

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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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