GSA Capital Partners LLP Takes $313,000 Position in YY Inc. (YY)

GSA Capital Partners LLP bought a new position in shares of YY Inc. (NASDAQ:YY) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,396 shares of the information services provider’s stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds have also made changes to their positions in YY. BlackRock Inc. increased its position in shares of YY by 51.6% in the 2nd quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock valued at $114,945,000 after purchasing an additional 674,292 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of YY by 96.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,358,113 shares of the information services provider’s stock valued at $78,808,000 after purchasing an additional 666,481 shares during the last quarter. Origin Asset Management LLP purchased a new stake in shares of YY in the 2nd quarter valued at approximately $34,470,000. Prudential Financial Inc. increased its position in shares of YY by 286.8% in the 2nd quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock valued at $42,017,000 after purchasing an additional 536,850 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of YY in the 2nd quarter valued at approximately $25,797,000. 56.02% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of YY Inc. (NASDAQ:YY) opened at 87.15 on Friday. YY Inc. has a 1-year low of $37.81 and a 1-year high of $97.59. The firm has a market cap of $4.89 billion, a PE ratio of 16.05 and a beta of 1.18. The stock has a 50 day moving average of $85.62 and a 200 day moving average of $67.17.

YY (NASDAQ:YY) last released its quarterly earnings results on Thursday, August 10th. The information services provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.34 by $0.19. The business had revenue of $384.85 million during the quarter, compared to analyst estimates of $366.35 million. YY had a net margin of 22.08% and a return on equity of 39.07%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Equities research analysts anticipate that YY Inc. will post $6.07 earnings per share for the current fiscal year.

A number of brokerages have commented on YY. Zacks Investment Research downgraded shares of YY from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Vetr raised shares of YY from a “sell” rating to a “hold” rating and set a $94.08 target price on the stock in a research report on Monday. ValuEngine downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Bank of America Corporation increased their target price on shares of YY from $89.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $74.82.

YY 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.

Institutional Ownership by Quarter for YY (NASDAQ:YY)

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