Bank of Montreal Can Boosts Holdings in Zynga Inc. (NASDAQ:ZNGA)

Bank of Montreal Can lifted its stake in Zynga Inc. (NASDAQ:ZNGA) by 2,955.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,135,832 shares of the company’s stock after purchasing an additional 1,098,659 shares during the quarter. Bank of Montreal Can owned 0.10% of Zynga worth $12,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of ZNGA. Cambridge Investment Research Advisors Inc. raised its position in shares of Zynga by 17.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 41,305 shares of the company’s stock worth $408,000 after purchasing an additional 6,090 shares during the last quarter. US Bancorp DE increased its holdings in Zynga by 4.7% in the 4th quarter. US Bancorp DE now owns 42,344 shares of the company’s stock worth $418,000 after buying an additional 1,890 shares in the last quarter. SG Americas Securities LLC increased its holdings in Zynga by 291.2% in the 4th quarter. SG Americas Securities LLC now owns 67,646 shares of the company’s stock worth $668,000 after buying an additional 50,352 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Zynga in the 4th quarter worth about $360,000. Finally, Lido Advisors LLC increased its holdings in Zynga by 145.1% in the 4th quarter. Lido Advisors LLC now owns 36,307 shares of the company’s stock worth $358,000 after buying an additional 21,492 shares in the last quarter. 80.78% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Bernard Jin Kim sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $10.55, for a total transaction of $253,200.00. Following the sale, the insider now directly owns 1,009,303 shares of the company’s stock, valued at approximately $10,648,146.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $10.69, for a total value of $53,450.00. Following the sale, the director now directly owns 12,438 shares in the company, valued at $132,962.22. The disclosure for this sale can be found here. Insiders have sold a total of 683,363 shares of company stock worth $7,103,794 over the last ninety days. Insiders own 8.30% of the company’s stock.

Several equities research analysts recently commented on ZNGA shares. BMO Capital Markets started coverage on Zynga in a report on Monday, April 19th. They issued an “outperform” rating and a $15.00 price objective for the company. Zacks Investment Research upgraded Zynga from a “strong sell” rating to a “hold” rating and set a $11.00 price target for the company in a research note on Wednesday, April 14th. Finally, Bank of America upgraded Zynga from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research note on Wednesday, May 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $12.46.

NASDAQ ZNGA opened at $10.44 on Friday. The business has a 50 day simple moving average of $10.51. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.44. Zynga Inc. has a 12 month low of $7.77 and a 12 month high of $12.32. The stock has a market cap of $11.37 billion, a PE ratio of -30.70, a PEG ratio of 2.72 and a beta of 0.10.

Zynga (NASDAQ:ZNGA) last posted its quarterly earnings results on Wednesday, May 5th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.04). Zynga had a negative return on equity of 1.33% and a negative net margin of 15.48%. The business had revenue of $719.50 million during the quarter, compared to analysts’ expectations of $685.82 million. As a group, sell-side analysts predict that Zynga Inc. will post 0.24 earnings per share for the current fiscal year.

Zynga Profile

Zynga Inc provides social game services in the United States and internationally. The company develops, markets, and operates social games as live services played on mobile platforms, such as Apple iOS and Google's Android operating systems; social networking platforms, such as Facebook and Snapchat; and personal computers consoles, such as Nintendo's Switch game console, and other platforms and consoles.

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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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