Panagora Asset Management Inc. purchased a new position in shares of Zynga Inc (NASDAQ:ZNGA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,593 shares of the company’s stock, valued at approximately $341,000.

A number of other large investors have also recently added to or reduced their stakes in ZNGA. Janus Henderson Group PLC lifted its holdings in Zynga by 438.6% in the first quarter. Janus Henderson Group PLC now owns 560,826 shares of the company’s stock valued at $2,989,000 after acquiring an additional 456,709 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Zynga by 0.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 1,027,174 shares of the company’s stock worth $5,475,000 after buying an additional 3,010 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of Zynga during the first quarter worth about $144,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Zynga during the first quarter worth about $426,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Zynga by 22,432.6% during the first quarter. JPMorgan Chase & Co. now owns 958,987 shares of the company’s stock worth $5,111,000 after buying an additional 954,731 shares during the last quarter. Institutional investors own 72.41% of the company’s stock.

Zynga stock traded up $0.01 during trading on Friday, reaching $5.89. 382,977 shares of the company’s stock were exchanged, compared to its average volume of 18,889,932. The company’s 50-day moving average is $5.92 and its two-hundred day moving average is $5.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.99 and a current ratio of 1.99. Zynga Inc has a 52-week low of $3.32 and a 52-week high of $6.65. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 294.25, a PEG ratio of 2.93 and a beta of 0.31.

Zynga (NASDAQ:ZNGA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). Zynga had a negative return on equity of 10.42% and a negative net margin of 16.50%. The business had revenue of $306.50 million for the quarter, compared to analysts’ expectations of $293.18 million. The firm’s revenue for the quarter was up 41.2% on a year-over-year basis. Analysts anticipate that Zynga Inc will post 0.13 EPS for the current year.

ZNGA has been the topic of a number of research reports. BidaskClub lowered Zynga from a “sell” rating to a “strong sell” rating in a report on Thursday. Robert W. Baird set a $8.00 price target on Zynga and gave the stock a “buy” rating in a report on Thursday, August 29th. ValuEngine lowered Zynga from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wedbush reissued an “outperform” rating and set a $9.00 price target on shares of Zynga in a report on Tuesday, August 27th. Finally, Bank of America raised their price target on Zynga from $6.60 to $6.70 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Zynga presently has a consensus rating of “Buy” and an average price target of $6.81.

In related news, insider Jeffrey Miles Ryan sold 36,798 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $6.09, for a total transaction of $224,099.82. Following the completion of the sale, the insider now directly owns 10,667 shares of the company’s stock, valued at $64,962.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Matthew S. Bromberg sold 41,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $5.68, for a total transaction of $235,720.00. Following the sale, the chief operating officer now directly owns 631,458 shares of the company’s stock, valued at $3,586,681.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 161,298 shares of company stock valued at $973,590. 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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