Axa Cuts Position in Zynga Inc. (ZNGA)

Axa trimmed its holdings in shares of Zynga Inc. (NASDAQ:ZNGA) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,758,600 shares of the company’s stock after selling 78,000 shares during the quarter. Axa owned approximately 0.20% of Zynga worth $6,401,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in Zynga by 5,061.5% during the first quarter. BlackRock Inc. now owns 35,936,741 shares of the company’s stock valued at $102,420,000 after buying an additional 35,240,491 shares during the period. Two Sigma Securities LLC boosted its stake in Zynga by 103.1% in the first quarter. Two Sigma Securities LLC now owns 101,074 shares of the company’s stock valued at $288,000 after acquiring an additional 51,299 shares in the last quarter. Morgan Stanley boosted its stake in Zynga by 30.4% in the first quarter. Morgan Stanley now owns 27,433,552 shares of the company’s stock valued at $78,186,000 after acquiring an additional 6,397,949 shares in the last quarter. UBS Group AG boosted its stake in Zynga by 1.2% in the first quarter. UBS Group AG now owns 9,532,580 shares of the company’s stock valued at $27,168,000 after acquiring an additional 112,230 shares in the last quarter. Finally, Princeton Portfolio Strategies Group LLC boosted its stake in Zynga by 43.6% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 35,900 shares of the company’s stock valued at $102,000 after acquiring an additional 10,900 shares in the last quarter. 68.19% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Zynga in a research note on Friday, September 8th. They issued a “neutral” rating and a $3.90 target price for the company. BidaskClub upgraded shares of Zynga from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Zynga from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Thursday, August 10th. Benchmark Co. restated a “buy” rating and issued a $4.35 target price (up from $3.65) on shares of Zynga in a research note on Wednesday, August 9th. Finally, Wedbush restated an “outperform” rating and issued a $4.65 target price (up from $4.25) on shares of Zynga in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $3.98.

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In related news, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $3.62, for a total transaction of $43,440.00. Following the completion of the sale, the director now owns 158,478 shares in the company, valued at approximately $573,690.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 36,000 shares of company stock valued at $132,360. 12.43% of the stock is owned by company insiders.

Zynga Inc. (NASDAQ:ZNGA) opened at 3.77 on Friday. The firm’s market capitalization is $3.26 billion. Zynga Inc. has a 52-week low of $2.40 and a 52-week high of $3.91. The company’s 50-day moving average is $3.66 and its 200-day moving average is $3.33.

Zynga (NASDAQ:ZNGA) last posted its earnings results on Wednesday, August 2nd. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $209.20 million during the quarter, compared to analysts’ expectations of $201.64 million. Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that Zynga Inc. will post $0.10 EPS for the current year.

Zynga Company 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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