Eminence Capital Boosts Zynga Position ~ market folly

Thursday, September 4, 2014

Eminence Capital Boosts Zynga Position

Ricky Sandler's hedge fund firm Eminence Capital has filed a 13G with the SEC regarding their position in Zynga (ZNGA).  Per the filing, Eminence now owns 5.1% of the company with over 38 million shares.

This means they've boosted their share count by over 11.5 million since the end of the second quarter.  The filing was required due to activity on August 21st.

In other activity from this fund, we recently highlighted how Eminence started a World Wrestling Entertainment stake as well.

Per Google Finance, Zynga is "the provider of social game services. The Company develops , market and operates online social games as live services played over the Internet and on social networking sites and mobile platforms. The Company's games are accessible on Facebook and other social networks, mobile platforms and Zynga.com."

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