3,100 Shares in YY (YY) Acquired by Ellington Management Group LLC

Ellington Management Group LLC acquired a new position in shares of YY (NASDAQ:YY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,100 shares of the information services provider’s stock, valued at approximately $350,000.

Several other large investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of YY by 296.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,044,710 shares of the information services provider’s stock worth $118,115,000 after purchasing an additional 780,948 shares during the last quarter. OZ Management LP purchased a new stake in shares of YY during the 3rd quarter worth $36,504,000. Deutsche Bank AG lifted its position in shares of YY by 55.3% during the 4th quarter. Deutsche Bank AG now owns 1,064,732 shares of the information services provider’s stock worth $120,376,000 after purchasing an additional 379,250 shares during the last quarter. KBC Group NV lifted its position in shares of YY by 728.6% during the 4th quarter. KBC Group NV now owns 352,333 shares of the information services provider’s stock worth $39,834,000 after purchasing an additional 309,813 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in shares of YY during the 3rd quarter worth $23,847,000. 59.64% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts recently commented on YY shares. UBS started coverage on shares of YY in a research note on Tuesday, January 2nd. They set a “buy” rating and a $135.00 price target on the stock. ValuEngine lowered shares of YY from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Citigroup started coverage on shares of YY in a research note on Tuesday, February 20th. They set a “buy” rating and a $150.00 price target on the stock. Vetr lowered shares of YY from a “buy” rating to a “hold” rating and set a $134.81 price objective on the stock. in a research note on Monday, January 15th. Finally, Zacks Investment Research upgraded shares of YY from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Saturday, February 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $123.53.

Shares of YY stock traded down $4.37 on Friday, reaching $98.12. 1,167,949 shares of the stock were exchanged, compared to its average volume of 1,933,956. YY has a 1-year low of $42.90 and a 1-year high of $142.97. The firm has a market cap of $6,197.26, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.61 and a beta of 1.61.

YY (NASDAQ:YY) last issued its quarterly 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. The business had revenue of $557.39 million for the quarter, compared to analyst estimates of $543.33 million. YY had a net margin of 21.48% and a return on equity of 29.96%. equities analysts forecast that YY will post 7.17 EPS for the current fiscal year.

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YY Profile

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.

Institutional Ownership by Quarter for YY (NASDAQ:YY)

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