YY Inc (YY) Shares Bought by Cascade Investment Advisors Inc.

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Cascade Investment Advisors Inc. increased its position in shares of YY Inc (NASDAQ:YY) by 14.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,220 shares of the information services provider’s stock after purchasing an additional 150 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in YY were worth $102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in YY by 40.0% in the fourth quarter. Van ECK Associates Corp now owns 700 shares of the information services provider’s stock valued at $42,000 after buying an additional 200 shares during the last quarter. Level Four Advisory Services LLC increased its holdings in shares of YY by 3.1% during the fourth quarter. Level Four Advisory Services LLC now owns 7,991 shares of the information services provider’s stock valued at $478,000 after purchasing an additional 238 shares during the period. Employees Retirement System of Texas increased its holdings in shares of YY by 1.9% during the fourth quarter. Employees Retirement System of Texas now owns 21,699 shares of the information services provider’s stock valued at $1,299,000 after purchasing an additional 409 shares during the period. Advisor Group Inc. increased its holdings in shares of YY by 56.1% during the fourth quarter. Advisor Group Inc. now owns 1,269 shares of the information services provider’s stock valued at $75,000 after purchasing an additional 456 shares during the period. Finally, ETF Managers Group LLC increased its holdings in shares of YY by 4.2% during the fourth quarter. ETF Managers Group LLC now owns 14,245 shares of the information services provider’s stock valued at $853,000 after purchasing an additional 575 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Shares of NASDAQ YY opened at $86.08 on Monday. YY Inc has a one year low of $55.55 and a one year high of $125.84. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21.

A number of research firms recently issued reports on YY. Tigress Financial reaffirmed a “buy” rating on shares of YY in a report on Friday, April 5th. BidaskClub raised YY from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. ValuEngine raised YY from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 5th. TheStreet raised YY from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. raised YY from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $100.00 in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.67.

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YY 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; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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