Ameriprise Financial Inc. Sells 446,165 Shares of Zynga Inc (NASDAQ:ZNGA)

Ameriprise Financial Inc. lessened its position in Zynga Inc (NASDAQ:ZNGA) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,254,343 shares of the company’s stock after selling 446,165 shares during the period. Ameriprise Financial Inc. owned about 0.84% of Zynga worth $27,420,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Zynga by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 60,801,279 shares of the company’s stock worth $221,316,000 after buying an additional 164,384 shares in the last quarter. Renaissance Technologies LLC lifted its position in Zynga by 33.4% during the 2nd quarter. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock valued at $83,755,000 after purchasing an additional 5,759,000 shares during the period. First Trust Advisors LP lifted its position in Zynga by 14.8% during the 3rd quarter. First Trust Advisors LP now owns 13,188,402 shares of the company’s stock valued at $49,852,000 after purchasing an additional 1,697,862 shares during the period. American Century Companies Inc. lifted its position in Zynga by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 9,266,153 shares of the company’s stock valued at $35,026,000 after purchasing an additional 140,368 shares during the period. Finally, River & Mercantile Asset Management LLP increased its stake in shares of Zynga by 126.3% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 7,707,049 shares of the company’s stock valued at $29,171,000 after acquiring an additional 4,301,645 shares during the last quarter. Institutional investors own 70.45% of the company’s stock.

In related news, Director Ellen F. Siminoff sold 12,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $3.79, for a total value of $45,480.00. Following the transaction, the director now owns 122,478 shares in the company, valued at $464,191.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard Jin Kim sold 50,000 shares of Zynga stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $3.94, for a total value of $197,000.00. Following the completion of the transaction, the insider now owns 349,450 shares in the company, valued at approximately $1,376,833. The disclosure for this sale can be found here. Insiders sold 136,000 shares of company stock worth $533,940 in the last 90 days. 12.43% of the stock is owned by company insiders.

A number of analysts have recently commented on ZNGA shares. Cowen reaffirmed a “buy” rating and issued a $4.50 price target on shares of Zynga in a research note on Thursday, October 12th. Wedbush set a $5.00 target price on Zynga and gave the stock a “buy” rating in a research note on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research cut shares of Zynga from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $4.11.

Shares of Zynga Inc (NASDAQ ZNGA) traded up $0.03 during trading on Friday, reaching $4.00. The company’s stock had a trading volume of 5,264,530 shares, compared to its average volume of 7,469,123. Zynga Inc has a fifty-two week low of $2.40 and a fifty-two week high of $4.34. The firm has a market cap of $3,456.06, a P/E ratio of -200.00, a price-to-earnings-growth ratio of 6.99 and a beta of 0.76.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The firm had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $211.98 million. During the same quarter last year, the business earned ($0.05) EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. analysts expect that Zynga Inc will post 0.02 earnings per share for the current fiscal year.

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Zynga 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.

Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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