Zynga Inc. (ZNGA) Position Increased by BlackRock Inc.

BlackRock Inc. raised its position in Zynga Inc. (NASDAQ:ZNGA) by 5,061.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,936,741 shares of the company’s stock after buying an additional 35,240,491 shares during the period. BlackRock Inc. owned 4.10% of Zynga worth $102,420,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Princeton Portfolio Strategies Group LLC boosted its stake in shares of Zynga by 43.6% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 35,900 shares of the company’s stock worth $102,000 after buying an additional 10,900 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Zynga by 132.3% in the fourth quarter. GSA Capital Partners LLP now owns 57,935 shares of the company’s stock worth $149,000 after buying an additional 32,994 shares during the last quarter. Clinton Group Inc. boosted its stake in shares of Zynga by 0.7% in the first quarter. Clinton Group Inc. now owns 61,082 shares of the company’s stock worth $174,000 after buying an additional 423 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Zynga by 11.7% in the first quarter. PNC Financial Services Group Inc. now owns 71,889 shares of the company’s stock worth $205,000 after buying an additional 7,535 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Zynga by 2.8% in the first quarter. Principal Financial Group Inc. now owns 92,862 shares of the company’s stock worth $265,000 after buying an additional 2,540 shares in the last quarter. 68.43% of the stock is owned by institutional investors.

Zynga Inc. (NASDAQ:ZNGA) opened at 3.62 on Friday. Zynga Inc. has a 12 month low of $2.40 and a 12 month high of $3.86. The firm’s market capitalization is $3.13 billion. The stock’s 50 day moving average price is $3.64 and its 200-day moving average price is $3.19.

Zynga (NASDAQ:ZNGA) last announced its earnings results on Wednesday, August 2nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $201.64 million. Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts forecast that Zynga Inc. will post $0.09 earnings per share for the current year.

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A number of equities research analysts recently issued reports on ZNGA shares. Canaccord Genuity lifted their price target on shares of Zynga from $3.00 to $3.50 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Cowen and Company reissued an “outperform” rating and issued a $3.50 price target on shares of Zynga in a research note on Friday, May 5th. Zacks Investment Research cut shares of Zynga from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Bank of America Corporation lifted their price target on shares of Zynga from $2.50 to $3.25 in a research note on Monday, May 15th. Finally, Wedbush lifted their target price on shares of Zynga from $4.25 to $4.65 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $4.01.

In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $3.56, for a total transaction of $42,720.00. Following the completion of the sale, the director now owns 153,057 shares in the company, valued at approximately $544,882.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William B. Gordon sold 549,637 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $3.52, for a total value of $1,934,722.24. Following the sale, the director now owns 832,603 shares of the company’s stock, valued at approximately $2,930,762.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,818,010 shares of company stock valued at $6,377,868. 12.43% of the stock is owned by insiders.

About Zynga

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.

Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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