Zynga Inc (ZNGA)

[Trevor11]

ZNGA: 5,061.5 PERCENT, INCREASED HOLDING @ BLACKROCK INC.






BLACKROCK INC. INCREASED ITS HOLDINGS IN ZYNGA BY 5,061.5%

WEDBUSH REITERATED AN “OUTPERFORM” RATING




ZYNGA’S (ZNGA) BUY RATING REITERATED AT COWEN AND COMPANY

POSTED BY LISA DURAND

ON OCT 22ND, 2017


ZYNGA INC. (NASDAQ:ZNGA)‘S STOCK HAD ITS “BUY” RATING REAFFIRMED by investment analysts at COWEN AND COMPANY IN A RESEARCH NOTE ISSUED TO INVESTORS ON THURSDAY, OCTOBER 12TH. THEY CURRENTLY HAVE A $4.50 PRICE TARGET ON THE STOCK. Cowen and Company’s target price points to a potential upside of 14.21% from the stock’s current price.

A number of other research analysts have also recently weighed in on ZNGA. BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd.

BENCHMARK CO. REITERATED A “BUY” RATING AND ISSUED A $4.35 TARGET PRICE (up previously from $3.65) on shares of Zynga in a report on Wednesday, August 9th.

WEDBUSH REITERATED AN “OUTPERFORM” RATING AND ISSUED A $4.65 TARGET PRICE (up previously from $4.25) on shares of Zynga in a report on Wednesday, August 9th.

ZACKS INVESTMENT RESEARCH UPGRADED ZYNGA FROM A “HOLD” RATING TO A “BUY” RATING and set a $4.25 target price on the stock in a report on Thursday, August 10th.

Finally, ROBERT W. BAIRD REITERATED A “HOLD” RATING AND ISSUED A $4.00 TARGET PRICE ON SHARES OF ZYNGA IN A REPORT ON FRIDAY, SEPTEMBER 15TH.

SEVEN RESEARCH ANALYSTS HAVE RATED THE STOCK WITH A HOLD RATING AND NINE HAVE ISSUED A BUY RATING TO THE STOCK. ZYNGA PRESENTLY HAS A CONSENSUS RATING OF “BUY” AND AN AVERAGE PRICE TARGET OF $4.09…


A number of institutional investors have recently made changes to their positions in the stock.

VANGUARD GROUP INC. INCREASED ITS HOLDINGS IN ZYNGA BY 0.3% IN THE SECOND QUARTER. Vanguard Group Inc. now owns 60,801,279 shares of the company’s stock valued at $221,316,000 after buying an additional 164,384 shares during the last quarter.

BLACKROCK INC. INCREASED ITS HOLDINGS IN ZYNGA BY 5,061.5% IN THE FIRST QUARTER. BlackRock Inc. now owns 35,936,741 shares of the company’s stock valued at $102,420,000 after buying an additional 35,240,491 shares during the last quarter.

MORGAN STANLEY INCREASED ITS HOLDINGS IN ZYNGA BY 30.4% IN THE FIRST QUARTER. Morgan Stanley now owns 27,433,552 shares of the company’s stock valued at $78,186,000 after buying an additional 6,397,949 shares during the last quarter.

RENAISSANCE TECHNOLOGIES LLC INCREASED ITS HOLDINGS IN ZYNGA BY 33.4% IN THE SECOND QUARTER. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock valued at $83,755,000 after buying an additional 5,759,000 shares during the last quarter.

Finally, FIRST TRUST ADVISORS LP INCREASED ITS HOLDINGS IN ZYNGA BY 2.8% IN THE SECOND QUARTER. First Trust Advisors LP now owns 11,490,540 shares of the company’s stock valued at $41,826,000 after buying an additional 311,588 shares during the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.
Zynga Company 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.


Source:

https://www.dispatchtribunal.com/2017/10/22/zynga-inc-znga-given-buy-rating-at-cowen-and-company.html