Financial Counselors Inc. purchased a new stake in shares of YY Inc (NASDAQ:YY) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,570 shares of the information services provider’s stock, valued at approximately $310,000.
A number of other institutional investors have also recently bought and sold shares of YY. Stifel Financial Corp acquired a new position in shares of YY in the 3rd quarter valued at about $1,418,000. Strategic Global Advisors LLC lifted its holdings in shares of YY by 10.2% in the 3rd quarter. Strategic Global Advisors LLC now owns 8,200 shares of the information services provider’s stock valued at $712,000 after buying an additional 760 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of YY by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 561,373 shares of the information services provider’s stock valued at $48,705,000 after buying an additional 9,638 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of YY by 38.0% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,400 shares of the information services provider’s stock valued at $6,283,000 after buying an additional 19,940 shares during the period. Finally, Ward Ferry Management BVI Ltd lifted its holdings in shares of YY by 6.3% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 1,120,800 shares of the information services provider’s stock valued at $97,263,000 after buying an additional 66,800 shares during the period. Institutional investors and hedge funds own 56.87% of the company’s stock.
YY has been the subject of several analyst reports. JPMorgan Chase & Co. raised YY from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $140.00 in a report on Thursday, November 16th. BidaskClub cut YY from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Jefferies Group raised YY from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, November 15th. Vetr cut YY from a “buy” rating to a “sell” rating and set a $100.74 price target for the company. in a report on Wednesday, November 15th. Finally, Benchmark reaffirmed a “buy” rating and issued a $127.00 price target on shares of YY in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. YY presently has an average rating of “Buy” and an average target price of $85.76.
YY (NASDAQ:YY) last announced its earnings results on Tuesday, November 14th. The information services provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. YY had a return on equity of 34.26% and a net margin of 22.23%. The business had revenue of $464.78 million during the quarter, compared to analysts’ expectations of $425.44 million. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The business’s revenue was up 53.4% compared to the same quarter last year.
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YY Company Profile
YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
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