ZNGA: BY 3,776.5% AMERIPRISE FINANCIAL INC. INCREASED,ITS,ZYNGA INC. POSITION
The Ameriprise Financial Inc. invests in 639,852 by purchasing Zynga Inc. (ZNGA) shares
November 29, 2016 Henry Williams
Ameriprise Financial Inc. increased its position in Zynga Inc. (NASDAQ:ZNGA) by 3,776.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 656,795 shares of the company’s stock after buying an additional 639,852 shares during the period. Ameriprise Financial Inc. owned about 0.08% of Zynga worth $1,635,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in ZNGA. Retirement Systems of Alabama boosted its position in shares of Zynga by 190.6% in the second quarter.
Retirement Systems of Alabama now owns 6,480,000 shares of the company’s stock worth $16,135,000 after buying an additional 4,250,000 shares during the period.
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 worth $1,005,000 after buying an additional 46,567 shares during the period.
Canada Pension Plan Investment Board boosted its position in shares of Zynga by 1.5% in the first quarter. Canada Pension Plan Investment Board now owns 1,138,900 shares of the company’s stock worth $2,597,000 after buying an additional 16,600 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Zynga by 0.6% in the first quarter. TIAA CREF Investment Management LLC now owns 2,270,869 shares of the company’s stock worth $5,178,000 after buying an additional 14,430 shares during the period. Finally, Teachers Advisors Inc. boosted its position in shares of Zynga by 5.0% in the first quarter. Teachers Advisors Inc. now owns 657,110 shares of the company’s stock worth $1,498,000 after buying an additional 31,127 shares during the period. Hedge funds and other institutional investors own 59.35% of the company’s stock.
Zynga Inc. (NASDAQ:ZNGA) traded up 1.44% on Friday, hitting $2.82. The stock had a trading volume of 13,067,468 shares. Zynga Inc. has a 52-week low of $1.78 and a 52-week high of $3.04. The firm’s 50-day moving average is $2.87 and its 200-day moving average is $2.69. The company’s market cap is $2.49 billion.
ZNGA has been the subject of a number of recent research reports. Wedbush reiterated a “buy” rating and issued a $4.25 target price on shares of Zynga in a report on Sunday, September 11th. Jefferies Group restated a “buy” rating on shares of Zynga in a report on Monday, July 11th. FBR & Co restated an “outperform” rating and set a $4.25 price objective on shares of Zynga in a report on Tuesday, September 13th. Cowen and Company upgraded Zynga from a “market perform” rating to an “outperform” rating and set a $3.50 price objective for the company in a report on Wednesday, August 3rd. Finally, TheStreet upgraded Zynga from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.21...
About Zynga
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.
Source:
dailyquint.com/2016-11-29-ameriprise-financial-inc-invests-in-639852-by-purchasing-zynga-inc-znga-shares/
