Advisors Asset Management Inc. boosted its position in shares of YY Inc. (NASDAQ:YY) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,234 shares of the company’s stock after buying an additional 11 shares during the period. Advisors Asset Management Inc.’s holdings in YY were worth $211,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. First Manhattan Co. bought a new position in YY during the second quarter worth $1,693,000. British Columbia Investment Management Corp bought a new position in YY during the second quarter worth $224,000. BNP Paribas Arbitrage SA increased its position in YY by 29.0% in the second quarter. BNP Paribas Arbitrage SA now owns 71,147 shares of the company’s stock worth $2,410,000 after buying an additional 15,988 shares in the last quarter. Royal Bank of Canada increased its position in YY by 70.1% in the first quarter. Royal Bank of Canada now owns 15,831 shares of the company’s stock worth $974,000 after buying an additional 6,524 shares in the last quarter. Finally, Seven Eight Capital LLC increased its position in YY by 44.9% in the first quarter. Seven Eight Capital LLC now owns 1,965 shares of the company’s stock worth $121,000 after buying an additional 609 shares in the last quarter. 32.80% of the stock is currently owned by institutional investors and hedge funds.
YY Inc. (NASDAQ:YY) traded up 5.61% during mid-day trading on Tuesday, reaching $56.62. The company had a trading volume of 785,273 shares. The stock has a market capitalization of $3.12 billion, a PE ratio of 20.30 and a beta of 1.16. YY Inc. has a one year low of $31.07 and a one year high of $65.53. The company’s 50-day moving average is $51.54 and its 200-day moving average is $48.62.
YY (NASDAQ:YY) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.71 by $0.29. YY had a return on equity of 30.67% and a net margin of 15.17%. Equities research analysts anticipate that YY Inc. will post $3.34 earnings per share for the current year.
Several research analysts have recently commented on YY shares. Credit Suisse Group AG started coverage on YY in a research note on Wednesday, September 14th. They set an “outperform” rating and a $64.00 target price for the company. JPMorgan Chase & Co. initiated coverage on YY in a research note on Wednesday, August 31st. They set an “overweight” rating and a $62.00 target price for the company. Zacks Investment Research raised YY from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. Finally, TheStreet cut YY from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $63.25.
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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