Morgan Stanley Sinks More Money into Zynga and LinkedIn

Late Friday, Morgan Stanley (NYSE:MS), recently the underwriter of choice for tech initial public offerings, revealed its stakes in LinkedIn (NYSE:LNKD) and Zynga (NASDAQ:ZNGA), according to securities filings.

The company, which was the lead underwriter for the offerings of both LinkedIn and Zynga, recently purchased about 16 million class A shares of online gaming company Zynga. Morgan Stanley’s asset management arm purchased the stake in Zynga, which accounts for 16 percent of the publicly available shares, but only 2.3 percent of the company’s total shares. In a separate deal last February, Morgan Stanley’s mutual funds bought 5.3 million Zynga shares, for $14 per share.

On Friday, Morgan Stanley also disclosed in a separate filing with the Securities and Exchange Commission that it had bought about 4.1 million shares — or less than 5 percent of the total shares — of the professional social network LinkedIn.

Here’s how these stocks traded recently:

Morgan Stanley (NYSE:MS): MS shares recently traded at $15.90,. They have traded in a 52-week range of $11.58 to $31.04. Volume today was 22,220 shares versus a 3-month average volume of 33,298,600 shares. The company’s trailing P/E is 10.43, while trailing earnings are $1.53 per share.

Linkedin Corporation (NYSE:LNKD): LNKD shares recently traded at $64.19,. They have traded in a 52-week range of $55.98 to $122.70. Volume today was 0 shares versus a 3-month average volume of 1,518,180 shares. The company’s trailing P/E is 879.32, while trailing earnings are $0.07 per share.

Zynga, Inc. (NASDAQ:ZNGA): ZNGA shares recently traded at $8.81,. They have traded in a 52-week range of $8.45 to $11.50. Volume today was 1,700 shares versus a 3-month average volume of 13,877,100 shares. The company’s trailing P/E is 119.05, while trailing earnings are $0.07 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com