DekaBank Deutsche Girozentrale increased its stake in shares of Zynga Inc (NASDAQ:ZNGA) by 383.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 153,647 shares of the company’s stock after purchasing an additional 121,873 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Zynga were worth $960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Synovus Financial Corp purchased a new stake in shares of Zynga in the 3rd quarter valued at about $27,000. NEXT Financial Group Inc raised its holdings in shares of Zynga by 100.0% in the 4th quarter. NEXT Financial Group Inc now owns 6,000 shares of the company’s stock valued at $37,000 after acquiring an additional 3,000 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Zynga by 65.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 10,150 shares of the company’s stock valued at $59,000 after acquiring an additional 4,000 shares in the last quarter. Fulton Bank N.A. purchased a new stake in shares of Zynga in the 4th quarter valued at about $61,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Zynga in the 4th quarter valued at about $67,000. 77.86% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on ZNGA shares. ValuEngine raised Zynga from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Morgan Stanley reaffirmed a “buy” rating and issued a $7.75 price target on shares of Zynga in a report on Monday, February 10th. Wedbush reaffirmed a “buy” rating and issued a $9.00 price target on shares of Zynga in a report on Thursday, February 6th. KeyCorp started coverage on Zynga in a report on Tuesday, January 14th. They issued an “overweight” rating and a $8.50 price target on the stock. Finally, BidaskClub cut Zynga from a “hold” rating to a “sell” rating in a report on Saturday, January 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $7.60.

Shares of NASDAQ ZNGA opened at $6.93 on Friday. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 173.25, a P/E/G ratio of 2.90 and a beta of 0.27. The company has a current ratio of 1.99, a quick ratio of 2.12 and a debt-to-equity ratio of 0.35. Zynga Inc has a 1-year low of $4.94 and a 1-year high of $7.03. The stock’s 50-day moving average is $6.41 and its 200 day moving average is $6.15.

In related news, CFO James Gerard Griffin sold 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $6.52, for a total transaction of $6,520,000.00. Following the transaction, the chief financial officer now directly owns 1,536,316 shares of the company’s stock, valued at approximately $10,016,780.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey Buckley sold 9,453 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.26, for a total value of $59,175.78. Following the transaction, the chief accounting officer now directly owns 73,337 shares in the company, valued at $459,089.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,198,991 shares of company stock worth $7,804,995. 9.40% of the stock is currently owned by insiders.

About Zynga

Zynga Inc develops, markets, and operates social games as live services in the United States and internationally. The company's games are played on mobile platforms, such as Apple iOS and Google's Android operating systems, as well as on social networking sites, such as Facebook. It also provides advertising services comprising mobile and display ads, engagement ads and offers, and branded virtual items and sponsorships to advertising agencies and brokers; and licenses its own brands.

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Institutional Ownership by Quarter for Zynga (NASDAQ:ZNGA)

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