Renaissance Group LLC Has $681,000 Stake in YY Inc. (YY)

Renaissance Group LLC decreased its holdings in YY Inc. (NASDAQ:YY) by 13.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,848 shares of the information services provider’s stock after selling 1,200 shares during the quarter. Renaissance Group LLC’s holdings in YY were worth $681,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Aviva PLC boosted its stake in YY by 3.8% during the second quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock valued at $319,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in YY by 7.5% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock valued at $167,000 after buying an additional 200 shares in the last quarter. D.A. Davidson & CO. boosted its stake in YY by 17.4% during the second quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock valued at $156,000 after buying an additional 400 shares in the last quarter. Huntington National Bank boosted its stake in YY by 93.6% during the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after buying an additional 589 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in YY by 7.0% during the second quarter. Wells Fargo & Company MN now owns 9,127 shares of the information services provider’s stock valued at $529,000 after buying an additional 597 shares in the last quarter. 57.15% of the stock is owned by institutional investors.

Shares of YY Inc. (YY) traded up $8.65 during trading on Thursday, reaching $109.61. The company had a trading volume of 2,281,260 shares, compared to its average volume of 1,314,284. The stock has a market cap of $6,910.00, a P/E ratio of 17.18, a P/E/G ratio of 0.93 and a beta of 1.20. YY Inc. has a 1 year low of $37.81 and a 1 year high of $123.48.

YY (NASDAQ:YY) last announced its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.05. YY had a return on equity of 34.26% and a net margin of 22.23%. The firm had revenue of $464.78 million during the quarter, compared to the consensus estimate of $425.44 million. During the same period in the prior year, the business earned $1.08 EPS. The business’s revenue for the quarter was up 53.4% on a year-over-year basis. sell-side analysts predict that YY Inc. will post 5.76 earnings per share for the current year.

Several research analysts recently weighed in on the company. Vetr raised YY from a “sell” rating to a “hold” rating and set a $117.57 target price for the company in a research note on Monday, November 27th. J P Morgan Chase & Co raised YY from a “neutral” rating to an “overweight” rating and raised their target price for the company from $70.00 to $140.00 in a research note on Thursday, November 16th. BidaskClub cut YY from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research cut YY from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine downgraded YY from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $83.11.

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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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