Teacher Retirement System of Texas boosted its stake in Zynga Inc. (NASDAQ:ZNGA) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 102,932 shares of the company’s stock after buying an additional 4,512 shares during the period. Teacher Retirement System of Texas’ holdings in Zynga were worth $256,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZNGA. Penserra Capital Management LLC boosted its position in Zynga by 3.5% in the second quarter. Penserra Capital Management LLC now owns 49,442 shares of the company’s stock valued at $123,000 after buying an additional 1,656 shares during the period. Moors & Cabot Inc. boosted its position in shares of Zynga by 0.4% in the second quarter. Moors & Cabot Inc. now owns 124,050 shares of the company’s stock valued at $307,000 after buying an additional 500 shares during the last quarter. Utah Retirement Systems boosted its position in shares of Zynga by 0.6% in the second quarter. Utah Retirement Systems now owns 132,388 shares of the company’s stock valued at $329,000 after buying an additional 800 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Zynga during the second quarter valued at about $447,000. Finally, BlackRock Inc. boosted its position in shares of Zynga by 11.8% in the first quarter. BlackRock Inc. now owns 440,759 shares of the company’s stock valued at $1,005,000 after buying an additional 46,567 shares during the last quarter. Institutional investors own 59.35% of the company’s stock.
Zynga Inc. (NASDAQ:ZNGA) opened at 2.78 on Tuesday. The firm’s 50-day moving average is $2.85 and its 200-day moving average is $2.66. The stock’s market cap is $2.45 billion. Zynga Inc. has a 12 month low of $1.78 and a 12 month high of $3.04.
A number of brokerages recently weighed in on ZNGA. FBR & Co reiterated an “outperform” rating and set a $4.25 price target on shares of Zynga in a research note on Tuesday, September 13th. Cowen and Company upgraded shares of Zynga from a “market perform” rating to an “outperform” rating and set a $3.50 price target for the company in a research note on Wednesday, August 3rd. Jefferies Group reiterated a “buy” rating and set a $5.00 price target on shares of Zynga in a research note on Tuesday, September 6th. Pacific Crest reiterated a “hold” rating on shares of Zynga in a research note on Friday, August 5th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $3.00 price target on shares of Zynga in a research note on Saturday, August 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $3.17.
In related news, General Counsel Devang Shah sold 12,251 shares of Zynga stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $2.64, for a total value of $32,342.64. Following the completion of the sale, the general counsel now owns 52,356 shares in the company, valued at $138,219.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.60% of the stock is currently owned by corporate insiders.
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) and Android and social networking sites, such as Facebook. The Company operates through developing and monetizing social games segment.
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