Profund Advisors LLC lifted its holdings in YY (NASDAQ:YY) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,843 shares of the information services provider’s stock after acquiring an additional 1,672 shares during the period. Profund Advisors LLC’s holdings in YY were worth $887,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in YY. Renaissance Technologies LLC lifted its position in shares of YY by 7.1% in the 4th quarter. Renaissance Technologies LLC now owns 899,899 shares of the information services provider’s stock worth $101,743,000 after buying an additional 59,899 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in YY in the 4th quarter valued at about $7,994,000. Lombard Odier Asset Management Switzerland SA bought a new stake in YY in the 4th quarter valued at about $467,000. Financial Gravity Companies Inc. bought a new stake in YY in the 4th quarter valued at about $174,000. Finally, Lazard Asset Management LLC lifted its position in YY by 117.3% in the 4th quarter. Lazard Asset Management LLC now owns 44,117 shares of the information services provider’s stock valued at $4,987,000 after purchasing an additional 23,817 shares during the last quarter. 59.64% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on the stock. BidaskClub cut shares of YY from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine cut shares of YY from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Morgan Stanley assumed coverage on shares of YY in a report on Wednesday, March 28th. They issued a “hold” rating and a $135.00 target price for the company. Zacks Investment Research cut shares of YY from a “buy” rating to a “hold” rating in a report on Friday, March 16th. Finally, Vetr upgraded shares of YY from a “buy” rating to a “strong-buy” rating and set a $147.88 price target for the company in a report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. YY currently has a consensus rating of “Buy” and an average price target of $123.53.
Shares of YY stock traded down $4.37 on Friday, reaching $98.12. The company had a trading volume of 1,167,949 shares, compared to its average volume of 1,933,956. The stock has a market cap of $6,473.27, a PE ratio of 15.45, a price-to-earnings-growth ratio of 0.63 and a beta of 1.61. YY has a 12 month low of $42.90 and a 12 month high of $142.97.
YY (NASDAQ:YY) last posted its earnings results on Monday, March 5th. The information services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.03. YY had a return on equity of 29.96% and a net margin of 21.48%. The business had revenue of $557.39 million during the quarter, compared to analysts’ expectations of $543.33 million. analysts anticipate that YY will post 7.17 EPS for the current year.
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YY Inc, through its subsidiaries, operates a live streaming platform in the People's Republic of China. It engages users to interact in live online group activities through voice, text, and video, as well as to create and organize groups of various 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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