TD Asset Management Inc. Has $1.05 Million Position in Zynga Inc. (ZNGA)
TD Asset Management Inc. raised its stake in shares of Zynga Inc. (NASDAQ:ZNGA) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,900 shares of the company’s stock after purchasing an additional 33,400 shares during the period. TD Asset Management Inc.’s holdings in Zynga were worth $1,054,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. World Asset Management Inc raised 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 worth $101,000 after purchasing an additional 98 shares during the last quarter. The Manufacturers Life Insurance Company raised 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 worth $112,000 after purchasing an additional 5,815 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Zynga during the 3rd quarter worth $150,000. Timber Hill LLC raised its position in Zynga by 49.0% during the 2nd quarter. Timber Hill LLC now owns 44,446 shares of the company’s stock worth $162,000 after purchasing an additional 14,616 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Zynga by 9.1% during the 2nd quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock worth $162,000 after purchasing an additional 3,700 shares during the last quarter. 70.49% of the stock is owned by institutional investors and hedge funds.
In related news, Director Ellen F. Siminoff sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $3.86, for a total value of $46,320.00. Following the completion of the transaction, the director now directly owns 139,900 shares in the company, valued at $540,014. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.43% of the stock is owned by insiders.
Several research analysts recently issued reports on ZNGA shares. BidaskClub raised Zynga from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Goldman Sachs Group started coverage on Zynga in a research report on Friday, September 8th. They set a “neutral” rating and a $3.90 target price for the company. Robert W. Baird reaffirmed a “hold” rating and set a $4.00 target price on shares of Zynga in a research report on Friday, September 15th. Zacks Investment Research downgraded Zynga from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Cowen reaffirmed a “buy” rating and issued a $4.50 price target on shares of Zynga in a research report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $4.11.
Zynga Inc. (ZNGA) opened at $3.98 on Wednesday. Zynga Inc. has a 1 year low of $2.40 and a 1 year high of $4.34.
Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $211.98 million. Zynga had a negative net margin of 2.65% and a negative return on equity of 1.37%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. research analysts forecast that Zynga Inc. will post 0.02 earnings per share for the current year.
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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