First National Bank of Omaha bought a new position in shares of Zynga Inc (NASDAQ:ZNGA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,770 shares of the company’s stock, valued at approximately $92,000.
Other hedge funds also recently made changes to their positions in the company. Machina Capital S.A.S. bought a new position in Zynga during the second quarter worth $27,000. Synovus Financial Corp bought a new position in Zynga during the third quarter worth $27,000. Steward Partners Investment Advisory LLC bought a new position in Zynga during the second quarter worth $30,000. Cornerstone Advisors Inc. bought a new stake in Zynga in the 2nd quarter valued at $35,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Zynga in the 2nd quarter valued at $37,000. 72.00% of the stock is currently owned by institutional investors and hedge funds.
In other Zynga news, insider Bernard Jin Kim sold 54,678 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $6.21, for a total transaction of $339,550.38. Following the completion of the transaction, the insider now owns 782,899 shares of the company’s stock, valued at approximately $4,861,802.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Miles Ryan sold 28,943 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $5.79, for a total value of $167,579.97. Following the transaction, the insider now directly owns 15,784 shares of the company’s stock, valued at approximately $91,389.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 337,890 shares of company stock valued at $2,028,282. Insiders own 9.40% of the company’s stock.
Shares of NASDAQ:ZNGA opened at $6.28 on Friday. The company’s fifty day moving average is $6.10 and its 200-day moving average is $6.05. Zynga Inc has a 52 week low of $3.32 and a 52 week high of $6.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market capitalization of $5.93 billion, a PE ratio of 314.00, a P/E/G ratio of 2.98 and a beta of 0.31.
Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Zynga had a negative return on equity of 11.86% and a net margin of 3.94%. The firm had revenue of $345.29 million during the quarter, compared to the consensus estimate of $330.56 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The business’s revenue was up 48.0% on a year-over-year basis. On average, analysts forecast that Zynga Inc will post 0.15 EPS for the current year.
Several brokerages have issued reports on ZNGA. Robert W. Baird set a $8.00 price target on shares of Zynga and gave the company a “buy” rating in a report on Thursday, August 29th. ValuEngine lowered shares of Zynga from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Barclays set a $6.00 price target on shares of Zynga and gave the company a “hold” rating in a report on Monday, October 21st. Wedbush reissued an “outperform” rating and issued a $9.00 price target on shares of Zynga in a report on Tuesday, August 27th. Finally, Morgan Stanley set a $7.00 price target on shares of Zynga and gave the company a “buy” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. Zynga presently has a consensus rating of “Buy” and a consensus price target of $7.17.
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 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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