Legal & General Group Plc Buys 31,300 Shares of YY Inc (YY)

Legal & General Group Plc grew its stake in shares of YY Inc (NASDAQ:YY) by 46.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,070 shares of the information services provider’s stock after purchasing an additional 31,300 shares during the quarter. Legal & General Group Plc owned approximately 0.17% of YY worth $8,510,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Huntington National Bank grew its holdings in YY by 93.6% in the 3rd quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock worth $106,000 after buying an additional 589 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new position in YY in the 3rd quarter worth approximately $208,000. D.A. Davidson & CO. grew its holdings in YY by 17.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after buying an additional 400 shares in the last quarter. OLD National Bancorp IN bought a new position in YY in the 3rd quarter worth approximately $242,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in YY by 7.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after buying an additional 200 shares in the last quarter. 57.15% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on YY shares. Goldman Sachs Group began coverage on YY in a report on Wednesday, August 30th. They issued a “buy” rating and a $101.00 price objective for the company. BidaskClub downgraded YY from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 30th. ValuEngine downgraded YY from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Bank of America upped their target price on YY from $89.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Finally, Vetr upgraded YY from a “hold” rating to a “buy” rating and set a $85.06 target price for the company in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $85.45.

Shares of YY Inc (YY) opened at $111.20 on Thursday. YY Inc has a 52-week low of $37.81 and a 52-week high of $123.48. The company has a market capitalization of $7,010.00, a price-to-earnings ratio of 18.32, a PEG ratio of 1.00 and a beta of 1.20.

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

WARNING: “Legal & General Group Plc Buys 31,300 Shares of YY Inc (YY)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/12/14/legal-general-group-plc-buys-31300-shares-of-yy-inc-yy.html.

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)

Receive News & Ratings for YY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply