ZNGA: ANALYSTS FEEL ZYNGA STOCK,IS,NOW,READY,TO,MOVE,HIGHER!
Hedge Fund Analysis-Hedge Funds-News-Tech
Amid A Correction In Video Game Stocks, These Are The 5 Names You Should Consider Buying
Published on March 24, 2016 at 1:14 pm by Raymond Jones in Hedge Fund Analysis,Hedge Funds,News,Tech
Zynga Inc (NASDAQ:ZNGA)
– Investors with Long Positions (as of December 31): 20
– Aggregate Value of Investors’ Holdings (as of December 31): $509.60 million
Though the number of investors in our database with long positions in Zynga Inc (NASDAQ:ZNGA) dropped by six during the fourth quarter,the aggregate value of their HOLDINGS IN THE COMPANY WENT UP BY $14.5 MILLION DURING THAT TIME. Among the investors that increased their holdings in the company during the fourth quarter was Cliff Asness‘ AQR Capital Management, which held nearly 16.21 million shares of Zynga Inc (NASDAQ:ZNGA) on December 31. Shares of Zynga have lost nearly 20% of their value so far this year and are trading at almost one-fifth of their IPO price. However, ANALYSTS FEEL THAT THE STOCK OF THE SOCIAL GAMES DEVELOPER IS NOW READY TO MOVE HIGHER based on recent announcements made by the company. On February 24, the Wall Street Journal reported that the company is planning to sell its expensive headquarters, while mere days later, Mark Pincus stepped down for the second time as the CEO of the company, to be replaced by Frank Gibeau
Source:
www.insidermonkey.com/blog/amid-a-correction-in-video-game-stocks-these-are-the-5-names-you-should-consider-buying-439666/
