Zynga Inc (NASDAQ:ZNGA) launched a new game today called Battlestone. The game, which is available on Apple Inc. (NASDAQ:AAPL) iOS today, is an old style fantasy role playing game. The player must take control of one class of character, and level it up through adventures. Zynga Inc (NASDAQ:ZNGA) is hungry for another success in mobile gaming as it tries its best to transfer its business to the platform. The company is desperate to diversify its...
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Putting a $37 price target on Facebook Inc (NASDAQ:FB) is a bit risky right now. On today’s market shares have fallen a fraction, and in the last five day’s trading, the firm’s stock has fallen by close to 5 percent. Deutsche Bank analysts are willing to take that risk, however, and they lay out their argument in a new report. The gist of the report is that though it’s still too early to tell...
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Zynga Inc (NASDAQ:ZNGA) has been reiterated a ‘Neutral’ rating by Michael Olson, an analyst at Piper Jaffray in a report released on Tuesday. The analyst raised the price target of the stock from $2.75 to $3.50 on a stable yet unclear recovery for the game maker. As per the analyst a favourable outcome “from here” will result in booking growth, in the first half of 2014, owing to strong responses for new mobile games,...
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Shares of Facebook Inc (NASDAQ:FB) game developer Zynga Inc (NASDAQ: ZNGA) and daily deals web site Groupon Inc (NASDAQ: GRPN) have soared following reports of activist hedge fund Jana Partners revealing small stakes in the companies. The hedge fund, run by Barry Rosenstein, said in a 13F filing that it holds slightly above 3 percent of the outstanding shares in both companies. This news obviously had a positive impact on the stocks and lifted them...
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Zynga Inc (NASDAQ:ZNGA) has a problem, well actually the social gaming company has several problems big and small, but one may be more worrisome than the other. Former Zynga employees who have left the company for various reasons in the last few years have brought their talents, and Zynga-bought experience, to new startups that are muscling in on Zynga Inc (NASDAQ:ZNGA). According to a report that appeared on Businessweek today, former Zynga Inc (NASDAQ:ZNGA)...
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Hedge funds filed their Q1 equity holdings over the last couple of days. While many of the stock picks and exits were expected, like everyone buying Hess Corp. (NYSE:HES) and Dell Inc. (NASDAQ:DELL) which are targets of proxy fights from their famous shareholders, there are also some moves that stood out. Here are the surprise buys/sells from the top investors in hedge fund industry. Loeb Exits Morgan Stanley, Already! If we look at Dan...
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The streak of selling Apple Inc. (NASDAQ:AAPL) continues with Paul Tudor Jones’ firm Tudor Investment Corp. The fund was seen exiting Apple Inc (NASDAQ:AAPL) in Q1, the most recent 13f filer shows. Paul Tudor’s major investments are in global macro positions and his funds Tudor BVI Global manage in excess of $16 billion. The equities portfolio disclosed however is only worth $4 billion. Tudor Investment has more than 1000 equity positions disclosed publicly, the...
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Alden Global Capital’s latest 13F filing with the Securities and Exchange Commission indicates that is portfolio was worth $5.8 billion at the end of March. The firm purchased seven new stocks, including Zynga Inc (NASDAQ:ZNGA) and Dell Inc (NASDAQ:DELL), during the first quarter and increased its holdings in two others. It also sold out of four stocks and reduced its holdings in seven others. At the end of the first quarter, the firm’s top...
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Jana Partners LLC bought 16 new stocks and sold out of 17 stocks during the first quarter of the year, according to the firm’s latest 13F filing with the Securities and Exchange Commission. It also increased its stake in 14 stocks and reduced its holdings in 5 others. The filing indicates that the firm’s portfolio was worth $4.8 billion at the end of March. The firm’s top 10 holdings make up 60 percent of...
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Zynga Inc (NASDAQ:ZNGA) is launching its ‘Running with Friends’ mobile game on the iOS all over the world today. The game was released in Canada first to test the performance. With the launch of this game, Zynga Inc (NASDAQ:ZNGA) marks its first “endless runner” title. In the game, the players will command a runner in 3D and to change the direction a user will have to swipe the screen. What Exactly Zynga Has Made?...
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Zynga Inc (NASDAQ:ZNGA) beat market expectations in its most recent earnings report, but investors are still worried about the company’s future. The social gaming firm has one asset, according to a report from Reuters this morning, but there is little else for the company to rely on, and that puts its future in the balance. Many investors are excited about the Zynga Inc (NASDAQ:ZNGA) move toward real money gambling. As we’ve looked at before on...
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