Zynga Inc: Ricky Sandler’s Eminence Capital Makes Purchase

February 14, 2018 - By Dolores Ford

 Zynga Inc: Ricky Sandler's Eminence Capital Makes Purchase

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.48, from 1.65 in 2017Q2. It worsened, as 25 investors sold Zynga Inc. shares while 61 reduced holdings. 37 funds opened positions while 64 raised stakes. 579.86 million shares or 4.13% more from 556.87 million shares in 2017Q2 were reported.

Spark Inv Mngmt Ltd Co accumulated 2.74M shares or 0.56% of the stock. G2 Inv Ptnrs Management Ltd owns 59,900 shares. Bnp Paribas Arbitrage Sa holds 0% or 38,077 shares in its portfolio. 2.78 million were reported by Fincl Bank Of New York Mellon Corp. Moors And Cabot invested in 0.07% or 121,050 shares. Vanguard Gp reported 62.07 million shares or 0.01% of all its holdings. Geode Cap Llc invested in 6.91 million shares or 0.01% of the stock. Gsa Ltd Liability Partnership reported 57,071 shares stake. 134,357 are held by Cantab Prtn Llp. Cubist Systematic Strategies Ltd Liability Com has invested 0.06% in Zynga Inc. (NASDAQ:ZNGA). 1.26 million were accumulated by Retirement System Of Alabama. Aqr Cap Management Lc invested in 7.52 million shares or 0.03% of the stock. Artisan Prtnrs Ltd Partnership holds 5.91 million shares. First Tru Advsr Ltd Partnership holds 0.13% or 13.19 million shares. Perigon Wealth Management stated it has 0% of its portfolio in Zynga Inc. (NASDAQ:ZNGA).

Since September 1, 2017, it had 0 insider buys, and 5 insider sales for $292,370 activity. Bromberg Matthew S had sold 20,000 shares worth $78,400. The insider Kim Bernard Jin sold 20,000 shares worth $78,400.

The New Ricky Sandler’s Eminence Capital Holding in Zynga Inc

Eminence Capital reported SC 13G/A form with the SEC for Zynga Inc. Access it here: 000090266418001022. As reported by Ricky Sandler’s Eminence Capital, the filler owns 4.5% or 35,156,450 shares of the Information Technology–company.

Zynga Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Ricky Sandler’s Eminence Capital’s positive view for Zynga Inc. For a hedge fund managing $10.55 billion in assets and having 41+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Ricky Sandler’s Eminence Capital’s portfolio is in the sector.

Zynga Inc Institutional Sentiment

Filings show 168 investors own Zynga Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 57382026. 484452861 were owned by these investors. 19 funds opened new Zynga Inc stakes, 60 increased positions. There were 38 that closed positions and 63 reduced them.

4 investors had the stock in their top 10. Some are: River & Mercantile Asset Management Llp, Telemark Asset Management Llc, Contour Asset Management Llc..

Kpcb Dgf Associates Llc is an investor bullish on Zynga Inc, owning 1782010 shares as of Q3 2015 for 1.23% of its portfolio. Salem Investment Counselors Inc owns 747800 shares or less than 0.01% of its portfolio. PA Veritable Lp have less than 0.01% of its portfolio for 24214 shares. Further, World Asset Management Inc reported stake worth less than 0.01% of its portfolio. The CA First Republic Investment Management Inc owns 18800 shares. Zynga Inc is less than 0.01% of its portfolio.

Business 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. It operates its games as live services and updates them with new features. It analyzes the data generated by its players’ game play and social interactions to guide the creation of new content and features. The Company operates its games as live services that are available anytime and anywhere. The Company invests in game categories, including Social Casino, Casual, Action Strategy and Invest Express. Social Casino includes Zynga Poker and its Slots games, such as Hit It Rich! Slots, Wizard of Oz Slots, Willy Wonka and the Chocolate Factory Slots, and Black Diamond Casino.

SEC Form 13G.

Ricky Sandler’s Eminence Capital website.

The stock increased 0.88% or $0.03 during the last trading session, reaching $3.45. About 11.96M shares traded. Zynga Inc. (NASDAQ:ZNGA) has risen 35.83% since February 14, 2017 and is uptrending. It has outperformed by 19.13% the S&P500.

Zynga Inc. develops, markets, and operates social games as live services played on the Internet, social networking sites, and mobile platforms in the United States and internationally. The company has market cap of $3.00 billion. It offers its online social games primarily under the Slots, Words With Friends, Zynga Poker, and FarmVille franchises. It has a 115 P/E ratio. The company's games are accessible on mobile platforms, Facebook, and other social networks, as well as Zynga.com.

Zynga Inc. (NASDAQ:ZNGA) Ratings Coverage

Among 17 analysts covering Zynga (NASDAQ:ZNGA), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. Zynga has $5.50 highest and $2.25 lowest target. $3.79’s average target is 9.86% above currents $3.45 stock price. Zynga had 43 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Thursday, February 8 by Credit Suisse. The rating was maintained by Wedbush with “Buy” on Thursday, February 8. The stock of Zynga Inc. (NASDAQ:ZNGA) has “Outperform” rating given on Thursday, February 11 by Wedbush. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, July 18. The firm has “Neutral” rating given on Friday, May 5 by Bank of America. The rating was maintained by Piper Jaffray with “Buy” on Thursday, August 3. The stock has “Neutral” rating by Goldman Sachs on Monday, August 10. The stock of Zynga Inc. (NASDAQ:ZNGA) earned “Equal Weight” rating by Pacific Crest on Monday, August 10. The stock of Zynga Inc. (NASDAQ:ZNGA) has “Buy” rating given on Friday, December 8 by Cowen & Co. Jefferies maintained the stock with “Buy” rating in Thursday, August 3 report.

More notable recent Zynga Inc. (NASDAQ:ZNGA) news were published by: Investorplace.com which released: “Is Zynga Inc Stock Worth The Risk?” on January 19, 2018, also Reuters.com with their article: “Zynga beats bookings estimate as ‘Words With Friends 2’, ‘CSR Racing 2’ deliver” published on February 07, 2018, Globenewswire.com published: “Zynga to Discuss Fourth Quarter and Full Year 2017 Financial Results on …” on January 16, 2018. More interesting news about Zynga Inc. (NASDAQ:ZNGA) were released by: Investorplace.com and their article: “Zynga Inc Stock Could Be a Big Winner, But It’s Still Risky” published on February 09, 2018 as well as Investorplace.com‘s news article titled: “Zynga Inc (ZNGA) Q4 Mobile Revenue Up 90% Y2Y” with publication date: February 07, 2018.

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