Zynga Inc (ZNGA)

[Trevor11]

ZNGA: JPMORGAN CHASE ADDS 3,417,638 SHARES, ALABAMA ADDS 4,250,000 SHARES,...ANALYSTS EARNINGS TARGET ($22.5) 3-5 YEARS.








ANALYSTS HAVE PER-SHARE EARNINGS TARGET OF $22.5 ON FIRM’S STOCK OVER 3-5 YEARS.








RETIREMENT SYSTEMS OF ALABAMA HAS $16,135,000 STAKE IN ZYNGA INC. (ZNGA)
OCTOBER 1ST, 2016 - BY SCOTT MOORE -

RETIREMENT SYSTEMS OF ALABAMA RAISED ITS POSITION IN ZYNGA INC. (NASDAQ:ZNGA) BY 190.6% during the second quarter, ACCORDING TO ITS MOST RECENT FILING WITH THE SECURITIES AND EXCHANGE COMMISSION (SEC).
The fund owned 6,480,000 shares of the company’s stock after BUYING AN ADDITIONAL 4,250,000 SHARES DURING THE PERIOD.
Retirement Systems of Alabama owned approximately 0.74% of Zynga worth $16,135,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. DNB ASSET MANAGEMENT AS RAISED ITS STAKE IN ZYNGA BY 48.5% in the second quarter. DNB Asset Management AS now owns 12,384,136 shares of the company’s stock worth $30,836,000 after BUYING AN ADDITIONAL 4,043,929 SHARES in the last quarter.

Renaissance Technologies LLC increased its position in Zynga by 26.1% in the first quarter. Renaissance Technologies LLC now owns 9,521,600 shares of the company’s stock worth $21,709,000 after BUYING AN ADDITIONAL 1,973,227 SHARES in the last quarter.

Jacobs Levy Equity Management Inc. increased its position in Zynga by 70.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 5,086,950 shares of the company’s stock worth $11,598,000 after BUYING AN ADDITIONAL 2,094,986 SHARES in the last quarter.

JPMorgan Chase & Co. increased its position in Zynga by 2,280.1% in the first quarter. JPMorgan Chase & Co. now owns 3,567,526 shares of the company’s stock worth $8,134,000 after BUYING AN ADDITIONAL 3,417,638 SHARES in the last quarter.
Finally, NORGES BANK BOUGHT A NEW POSITION IN ZYNGA during the fourth quarter worth $8,264,000. Institutional investors own 59.36% of the company’s stock.

Shares of Zynga Inc. (NASDAQ:ZNGA) traded up 3.56% on Friday, reaching $2.91. 16,957,843 shares of the company were exchanged. Zynga Inc. has a 52 week low of $1.78 and a 52 week high of $3.02. The company’s market capitalization is $2.57 billion. The company’s 50-day moving average is $2.77 and its 200-day moving average is $2.61...


Source:

http://www.thecerbatgem.com/2016/10/01/retirement-systems-of-alabama-has-16135000-stake-in-zynga-inc-znga.html









ZACKS ALLOTS 2.33 SCORE TO ZYNGA INC. (NASDAQ:ZNGA)
OCTOBER 1, 2016 9:17 AM•

ZACKS GROUP HAS STATED ZYNGA INC. (NASDAQ:ZNGA) HAS AFFIRMATIVE GROWTH STYLE SCORE AFTER THE COMPANY REPORTED OF STRONG EARNINGS.
ANALYSTS HAVE PER-SHARE EARNINGS TARGET OF $22.5 ON FIRM’S STOCK OVER 3-5 YEARS. The consensus target is $3.316, which is the mean of 9 calls.

Market is flooded with numerous research houses, and each one of them applies a unique research methodology to list value stocks. Nevertheless, the buyers find these ratings enormously confusing, and it is the purpose behind ZACKS IDEA OF ADVANCING RATING SCALE OF 1-5. ZACKS PLACES A RATING OF ONE TO ALL THOSE EQUITIES THAT ARE LIKELY TO OUTSTRIP IN COMING PERIOD AND REMUNERATE SHAREHOLDERS WITH HEFTY RETURNS.
Zynga Inc. (NASDAQ:ZNGA)’s has rating of 2.33. The price range prediction is $2.5 to $5.
Mean estimates are far from best; still they are accounted in investment list by many investors before finalizing an investment decision. These forecasts play a vital part in reaching the equity valuation.
Investors assess equity performance taking into account firm’s earnings power. To perform an appropriate estimation, shareholders look for a comprehensive evaluation of future EPS, as well as a vigorous sense of expected revenue in the long-term.
AS AN INTEGRAL PART OF SERVICES TO CLIENTELES, MANY LARGE RESEARCH HOUSES OF WALL STREET EMPLOY NUMEROUS ANALYSTS TO ISSUE RESEARCH REPORTS ON ORGANIZATIONS’ earnings in the future.
A consensus number is typically a median or mean of all the forecasts from individual analysts trailing a particular equity. So, when shareholders hear that a firm projected EPS is $1.50 in current fiscal, that number could be the mean of around 20 different forecasts. On contrary, if it’s a start-up, the forecast could be the mean of 1-2 analyst calls.


Source:

theenterpriseleader.com/analyst-research/zacks-allots-2-33-score-to-zynga-inc-nasdaqznga/164390/