Global X MANAGEMENT CO LLC boosted its holdings in shares of YY Inc. (NASDAQ:YY) by 18.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,292 shares of the information services provider’s stock after acquiring an additional 4,065 shares during the period. Global X MANAGEMENT CO LLC’s holdings in YY were worth $2,282,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in YY. Bank of New York Mellon Corp boosted its position in shares of YY by 8.5% during the first quarter. Bank of New York Mellon Corp now owns 39,241 shares of the information services provider’s stock worth $1,809,000 after purchasing an additional 3,062 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in YY by 49.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 31,300 shares of the information services provider’s stock valued at $1,443,000 after acquiring an additional 10,370 shares in the last quarter. FMR LLC bought a new stake in YY in the 1st quarter valued at $309,000. Vanguard Group Inc. lifted its position in YY by 23.9% in the 1st quarter. Vanguard Group Inc. now owns 237,439 shares of the information services provider’s stock valued at $10,949,000 after acquiring an additional 45,839 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in YY by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 61,664 shares of the information services provider’s stock valued at $2,833,000 after acquiring an additional 2,310 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.
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YY Inc. (NASDAQ YY) opened at $90.60 on Tuesday. YY Inc. has a 12 month low of $37.81 and a 12 month high of $97.59. The firm has a market cap of $4,983.29, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17.
YY (NASDAQ:YY) last released its quarterly earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.19. YY had a net margin of 22.08% and a return on equity of 39.07%. The company had revenue of $384.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same period last year, the firm earned $0.90 earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis. equities analysts predict that YY Inc. will post 5.76 EPS for the current fiscal year.
Several brokerages have issued reports on YY. Zacks Investment Research upgraded shares of YY from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research note on Friday, August 25th. Goldman Sachs Group, Inc. (The) started coverage on shares of YY in a research note on Wednesday, August 30th. They set a “buy” rating and a $101.00 price objective on the stock. Bank of America Corporation boosted their price objective on shares of YY from $89.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Deutsche Bank AG restated a “buy” rating and set a $100.00 price objective (up from $69.00) on shares of YY in a research note on Friday, August 11th. Finally, HSBC Holdings plc restated a “buy” rating and set a $89.00 price objective (up from $65.00) on shares of YY in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. YY has an average rating of “Buy” and a consensus price target of $74.82.
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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