Janus Henderson Group PLC Takes $5.46 Million Position in Zynga Inc (ZNGA)

Janus Henderson Group PLC bought a new stake in Zynga Inc (NASDAQ:ZNGA) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,444,800 shares of the company’s stock, valued at approximately $5,461,000. Janus Henderson Group PLC owned 0.17% of Zynga at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ZNGA. The Manufacturers Life Insurance Company grew its stake in shares of Zynga by 23.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,835 shares of the company’s stock valued at $112,000 after buying an additional 5,815 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Zynga during the 3rd quarter valued at about $150,000. Timber Hill LLC boosted its stake in Zynga by 49.0% during the 2nd quarter. Timber Hill LLC now owns 44,446 shares of the company’s stock valued at $162,000 after purchasing an additional 14,616 shares during the last quarter. Prudential Financial Inc. boosted its stake in Zynga by 9.1% during the 2nd quarter. Prudential Financial Inc. now owns 44,500 shares of the company’s stock valued at $162,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in Zynga during the 2nd quarter valued at about $170,000. Institutional investors own 70.45% of the company’s stock.

Zynga Inc (ZNGA) opened at $4.01 on Thursday. Zynga Inc has a 1 year low of $2.40 and a 1 year high of $4.34. The company has a market cap of $3,440.00, a P/E ratio of -133.67, a price-to-earnings-growth ratio of 7.04 and a beta of 0.76.

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

A number of equities analysts have issued reports on ZNGA shares. Goldman Sachs Group started coverage on Zynga in a research note on Friday, September 8th. They set a “neutral” rating and a $3.90 price target for the company. Robert W. Baird reiterated a “hold” rating and set a $4.00 price target on shares of Zynga in a research note on Friday, September 15th. Zacks Investment Research downgraded Zynga from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Cowen reiterated a “buy” rating and set a $4.50 price target on shares of Zynga in a research note on Thursday, October 12th. Finally, KeyCorp reiterated a “hold” rating on shares of Zynga in a research note on Tuesday, October 17th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Zynga has a consensus rating of “Buy” and an average price target of $4.11.

In other Zynga 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 transaction of $46,320.00. Following the transaction, the director now owns 139,900 shares of the company’s stock, valued at approximately $540,014. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.43% of the stock is owned by company insiders.

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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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