Westfield Capital Management Co. LP Boosts Stake in Zynga Inc. (ZNGA)

Westfield Capital Management Co. LP grew its stake in shares of Zynga Inc. (NASDAQ:ZNGA) by 92.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,700 shares of the company’s stock after buying an additional 54,600 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Zynga were worth $430,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in shares of Zynga by 5.2% in the first quarter. Teachers Advisors LLC now owns 789,521 shares of the company’s stock valued at $2,250,000 after acquiring an additional 39,216 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in shares of Zynga by 0.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 184,005 shares of the company’s stock valued at $670,000 after buying an additional 820 shares in the last quarter. World Asset Management Inc grew its holdings in shares of Zynga by 0.4% during the second quarter. World Asset Management Inc now owns 27,842 shares of the company’s stock valued at $101,000 after buying an additional 98 shares in the last quarter. TD Asset Management Inc. purchased a new position in shares of Zynga during the second quarter valued at $894,000. Finally, Global X Management Co. LLC grew its holdings in shares of Zynga by 41.2% during the second quarter. Global X Management Co. LLC now owns 886,252 shares of the company’s stock valued at $3,226,000 after buying an additional 258,539 shares in the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.

In other news, Director Ellen F. Siminoff sold 12,000 shares of Zynga stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $3.86, for a total value of $46,320.00. Following the completion of the sale, the director now directly owns 139,900 shares in the company, valued at $540,014. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 12.43% of the stock is currently owned by insiders.

A number of brokerages have recently weighed in on ZNGA. BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a report on Wednesday. Benchmark reissued a “buy” rating and issued a $4.35 price target (up previously from $3.65) on shares of Zynga in a research note on Wednesday, August 9th. Wedbush reissued an “outperform” rating and issued a $4.65 price target (up previously from $4.25) on shares of Zynga in a research note on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. Finally, Robert W. Baird reissued a “hold” rating and issued a $4.00 price target on shares of Zynga in a research note on Friday, September 15th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $4.11.

Shares of Zynga Inc. (ZNGA) opened at $3.77 on Wednesday. Zynga Inc. has a 12 month low of $2.40 and a 12 month high of $4.34.

Zynga (NASDAQ:ZNGA) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $224.60 million for the quarter, compared to the consensus estimate of $211.98 million. Zynga had a negative return on equity of 1.37% and a negative net margin of 2.65%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. sell-side analysts forecast that Zynga Inc. will post 0.02 EPS 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.

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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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