Zynga Inc. (ZNGA) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of Zynga Inc. (NASDAQ:ZNGA) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,150 shares of the company’s stock after purchasing an additional 3,261 shares during the period. PNC Financial Services Group Inc.’s holdings in Zynga were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. World Asset Management Inc lifted its stake in Zynga by 0.4% during the second quarter. World Asset Management Inc now owns 27,842 shares of the company’s stock worth $101,000 after purchasing an additional 98 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Zynga by 0.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 184,005 shares of the company’s stock worth $670,000 after purchasing an additional 820 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Zynga by 2.8% during the first quarter. Principal Financial Group Inc. now owns 92,862 shares of the company’s stock worth $265,000 after purchasing an additional 2,540 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Zynga by 4.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 63,571 shares of the company’s stock valued at $231,000 after acquiring an additional 2,941 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Zynga by 3.3% in the 1st quarter. Amalgamated Bank now owns 104,174 shares of the company’s stock valued at $297,000 after acquiring an additional 3,346 shares during the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

Zynga Inc. (ZNGA) opened at 3.94 on Monday. The firm’s 50 day moving average price is $3.79 and its 200-day moving average price is $3.52. The stock’s market cap is $3.41 billion. Zynga Inc. has a 12-month low of $2.40 and a 12-month high of $4.02.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The company had revenue of $209.20 million for the quarter, compared to the consensus estimate of $201.64 million. The firm’s revenue was up 15.1% compared to the same quarter last year. Equities research analysts anticipate that Zynga Inc. will post $0.10 earnings per share for the current fiscal year.

In other news, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $3.77, for a total transaction of $45,240.00. Following the completion of the sale, the director now owns 134,478 shares of the company’s stock, valued at $506,982.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 36,000 shares of company stock valued at $134,160 in the last ninety days. Insiders own 12.43% of the company’s stock.

ZNGA has been the subject of a number of recent research reports. Zacks Investment Research lowered Zynga from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Morgan Stanley reissued an “overweight” rating and issued a $3.70 target price on shares of Zynga in a research note on Saturday, July 22nd. Wedbush reissued an “outperform” rating and issued a $4.65 target price (up previously from $4.25) on shares of Zynga in a research note on Monday, July 31st. BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies set a $4.00 target price on Zynga and gave the company a “buy” rating in a research note on Thursday, August 3rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $4.09.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.com-unik.info/2017/10/23/zynga-inc-znga-shares-bought-by-pnc-financial-services-group-inc.html.

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)

What are top analysts saying about Zynga Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Zynga Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit