Two Sigma Investments LP lowered its position in shares of Zynga Inc (NASDAQ:ZNGA) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,708,194 shares of the company’s stock after selling 2,002,351 shares during the period. Two Sigma Investments LP owned about 1.23% of Zynga worth $42,833,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of ZNGA. Bourgeon Capital Management LLC increased its position in Zynga by 147.1% during the 4th quarter. Bourgeon Capital Management LLC now owns 25,200 shares of the company’s stock worth $101,000 after purchasing an additional 15,000 shares during the period. Crow Point Partners LLC purchased a new stake in shares of Zynga during the 4th quarter worth approximately $114,000. The Manufacturers Life Insurance Company boosted its stake in shares of 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 acquiring an additional 5,815 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Zynga during the 3rd quarter worth approximately $150,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Zynga during the 4th quarter worth approximately $178,000. Institutional investors and hedge funds own 71.37% of the company’s stock.
Zynga Inc (NASDAQ:ZNGA) opened at $3.70 on Wednesday. Zynga Inc has a 12-month low of $2.71 and a 12-month high of $4.34. The company has a market cap of $3,267.73, a PE ratio of 125.00, a PEG ratio of 2.73 and a beta of 0.52.
Several equities research analysts have recently commented on ZNGA shares. Zacks Investment Research lowered Zynga from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Credit Suisse Group boosted their price target on Zynga from $3.80 to $4.00 and gave the stock an “underperform” rating in a research note on Thursday, February 8th. BidaskClub raised Zynga from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 6th. Jefferies Group reaffirmed a “buy” rating and issued a $5.00 target price on shares of Zynga in a research note on Sunday, February 11th. Finally, Consumer Edge assumed coverage on Zynga in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $4.50 target price on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.24.
In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $3.62, for a total value of $43,440.00. Following the transaction, the director now directly owns 235,900 shares in the company, valued at $853,958. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bernard Jin Kim sold 50,000 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $3.94, for a total transaction of $197,000.00. Following the completion of the transaction, the insider now owns 349,450 shares in the company, valued at $1,376,833. The disclosure for this sale can be found here. Insiders have sold a total of 268,000 shares of company stock worth $1,051,000 in the last 90 days. 12.43% of the stock is owned by insiders.
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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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