Federated Investors Inc. PA cut its holdings in shares of Zynga Inc (NASDAQ:ZNGA) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,256 shares of the company’s stock after selling 14,840 shares during the quarter. Federated Investors Inc. PA’s holdings in Zynga were worth $770,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Zynga by 36.6% during the 2nd quarter. BlackRock Inc. now owns 60,593,714 shares of the company’s stock worth $246,618,000 after acquiring an additional 16,221,442 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Zynga by 4.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 39,695,436 shares of the company’s stock worth $161,560,000 after acquiring an additional 1,689,711 shares during the period. First Trust Advisors LP grew its stake in shares of Zynga by 17.3% during the 2nd quarter. First Trust Advisors LP now owns 16,697,603 shares of the company’s stock worth $67,959,000 after acquiring an additional 2,464,392 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Zynga by 276.2% during the 1st quarter. Point72 Asset Management L.P. now owns 15,963,897 shares of the company’s stock worth $58,428,000 after acquiring an additional 11,720,451 shares during the period. Finally, River & Mercantile Asset Management LLP grew its stake in shares of Zynga by 9.2% during the 1st quarter. River & Mercantile Asset Management LLP now owns 7,925,195 shares of the company’s stock worth $28,967,000 after acquiring an additional 666,826 shares during the period. 74.62% of the stock is owned by hedge funds and other institutional investors.

In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $3.92, for a total value of $47,040.00. Following the completion of the transaction, the director now owns 213,277 shares in the company, valued at approximately $836,045.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Matthew S. Bromberg sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $4.26, for a total value of $85,200.00. Following the completion of the transaction, the chief operating officer now owns 389,945 shares of the company’s stock, valued at approximately $1,661,165.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,000 shares of company stock valued at $182,640. 11.87% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on the company. BidaskClub upgraded Zynga from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Benchmark reiterated a “buy” rating and set a $5.00 price target (up previously from $4.36) on shares of Zynga in a research note on Thursday, May 31st. Wedbush set a $6.00 price target on Zynga and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Morgan Stanley increased their price target on Zynga from $4.50 to $4.70 and gave the stock an “overweight” rating in a research note on Wednesday, July 11th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $5.00 price target on shares of Zynga in a research note on Tuesday, May 29th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.81.

Shares of NASDAQ ZNGA opened at $3.92 on Monday. Zynga Inc has a 52 week low of $3.20 and a 52 week high of $4.57. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 130.67, a P/E/G ratio of 2.49 and a beta of 0.39.

Zynga (NASDAQ:ZNGA) last issued its earnings results on Wednesday, August 1st. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.03). Zynga had a return on equity of 2.37% and a net margin of 4.04%. The company had revenue of $217.05 million during the quarter, compared to the consensus estimate of $212.62 million. During the same quarter in the prior year, the business earned $0.01 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities analysts expect that Zynga Inc will post 0.07 earnings per share for the current year.

Zynga Company Profile

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 iOS and Android operating systems, as well as on social networking sites, including Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual goods and sponsorships to advertising agencies and brokers; and software licensing and maintenance services related to NaturalMotion technology, as well as licenses its own brands.

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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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