Boston Partners Reduces Position in YY Inc (YY)

Boston Partners cut its stake in YY Inc (NASDAQ:YY) by 95.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 39,915 shares of the information services provider’s stock after selling 900,544 shares during the period. Boston Partners’ holdings in YY were worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in YY by 7.0% in the fourth quarter. BlackRock Inc. now owns 2,412,685 shares of the information services provider’s stock worth $144,424,000 after buying an additional 157,903 shares during the period. Vanguard Group Inc. increased its position in YY by 2.9% in the third quarter. Vanguard Group Inc. now owns 1,495,467 shares of the information services provider’s stock worth $112,040,000 after buying an additional 41,736 shares during the period. Prudential PLC increased its position in YY by 122.2% in the fourth quarter. Prudential PLC now owns 709,411 shares of the information services provider’s stock worth $42,465,000 after buying an additional 390,124 shares during the period. Dimensional Fund Advisors LP increased its position in YY by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 607,581 shares of the information services provider’s stock worth $36,390,000 after buying an additional 31,444 shares during the period. Finally, APG Asset Management N.V. grew its stake in shares of YY by 11.1% in the fourth quarter. APG Asset Management N.V. now owns 587,500 shares of the information services provider’s stock worth $30,764,000 after purchasing an additional 58,700 shares in the last quarter. 59.65% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on YY shares. TheStreet raised YY from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. BidaskClub raised YY from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Zacks Investment Research raised YY from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Saturday, February 16th. Tigress Financial started coverage on YY in a research note on Friday, March 15th. They issued a “buy” rating for the company. Finally, ValuEngine raised YY from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $93.67.

Shares of YY stock opened at $68.09 on Thursday. YY Inc has a fifty-two week low of $55.55 and a fifty-two week high of $125.84. The stock has a market cap of $4.22 billion, a P/E ratio of 9.55, a PEG ratio of 0.57 and a beta of 1.18.

YY (NASDAQ:YY) last announced its earnings results on Monday, March 4th. The information services provider reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.01. YY had a return on equity of 17.52% and a net margin of 12.76%. The business had revenue of $674.99 million during the quarter, compared to analysts’ expectations of $641.65 million. On average, equities analysts forecast that YY Inc will post 6.05 EPS for the current fiscal year.

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About YY

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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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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