Unigestion Holding SA raised its stake in shares of YY Inc (NASDAQ:YY) by 89.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,200 shares of the information services provider’s stock after buying an additional 3,400 shares during the period. Unigestion Holding SA’s holdings in YY were worth $405,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in shares of YY by 36.5% during the 3rd quarter. California Public Employees Retirement System now owns 101,429 shares of the information services provider’s stock valued at $5,703,000 after purchasing an additional 27,142 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of YY by 2.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 169,852 shares of the information services provider’s stock valued at $9,551,000 after purchasing an additional 3,650 shares in the last quarter. ARGA Investment Management LP bought a new position in shares of YY during the 3rd quarter valued at about $21,601,000. Teacher Retirement System of Texas bought a new position in shares of YY during the 3rd quarter valued at about $2,994,000. Finally, Ayalon Holdings Ltd. boosted its position in shares of YY by 43.8% during the 3rd quarter. Ayalon Holdings Ltd. now owns 3,032 shares of the information services provider’s stock valued at $173,000 after purchasing an additional 924 shares in the last quarter. 50.96% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on YY shares. Bank of America reduced their price objective on shares of YY from $98.00 to $83.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Zacks Investment Research upgraded shares of YY from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Saturday, October 19th. ValuEngine upgraded shares of YY from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group initiated coverage on shares of YY in a report on Monday, August 5th. They issued a “buy” rating and a $76.10 target price for the company. Finally, UBS Group upgraded shares of YY from a “neutral” rating to a “buy” rating in a report on Friday, September 20th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $85.01.
Shares of YY traded up $0.38 during midday trading on Friday, hitting $65.03. The stock had a trading volume of 542,100 shares, compared to its average volume of 1,077,976. YY Inc has a fifty-two week low of $51.00 and a fifty-two week high of $88.85. The firm has a market cap of $5.18 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $58.63 and a two-hundred day simple moving average of $64.58.
YY (NASDAQ:YY) last released its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.13). YY had a net margin of 22.75% and a return on equity of 9.71%. The firm had revenue of $917.00 million during the quarter, compared to the consensus estimate of $878.97 million. During the same period in the prior year, the business earned $2.03 EPS. The company’s revenue for the quarter was up 60.8% compared to the same quarter last year. On average, analysts expect that YY Inc will post 3.3 earnings per share for the current fiscal year.
YY Company Profile
YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.
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