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Chris Mydlo
Chris Mydlo
Articles (161) 

Morning Coffee: Cohen Doubles Down on Zynga

March 28, 2014 | About:

Steven Cohen of SAC Capital increased his Zynga Inc. (ZNGA) position by 145.56%. His total position is now 38,694,391 shares, 5.3% of the outstanding shares. Zynga develops, markets and operates online social games as live services played on the internet, social networking sites and mobile platforms in the U.S. and internationally. The stock is held by seven gurus we follow.

Market Cap: 3.92B, P/E: N/A

Business Predictability: Not Rates, Financial Strength: 7/10, Profitability & Growth: 4/10

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Cohen also added a new position in Midstates Petroleum (MPO). He purchased 3.55 million shares representing 5% of the shares outstanding. Midstates Petroleum is engaged in the exploration, development and production of oil, natural gas liquids and natural gas in the U.S. It is owned by one other Guru we follow. Chuck Royce (Trades, Portfolio) has a smaller position of 36,300 shares, 0.05% of outstanding shares.

Market Cap: 355.63M, P/E: N/A

Business Predictability: Not Rated, Financial Strength: 5/10, Profitability & Growth: 5/10

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Rating: 3.0/5 (3 votes)

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