YY (YY) Position Lowered by State of Wisconsin Investment Board

State of Wisconsin Investment Board trimmed its stake in YY (NASDAQ:YY) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,807 shares of the information services provider’s stock after selling 953 shares during the period. State of Wisconsin Investment Board owned approximately 0.14% of YY worth $9,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in 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. Whale Rock Capital Management LLC grew its position in YY by 240.6% during the 4th quarter. Whale Rock Capital Management LLC now owns 935,962 shares of the information services provider’s stock worth $105,820,000 after purchasing an additional 661,167 shares during the last quarter. Deutsche Bank AG grew its position in 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 grew its position in 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, All Stars Investment Ltd grew its position in YY by 78.1% during the 4th quarter. All Stars Investment Ltd now owns 570,000 shares of the information services provider’s stock worth $7,148,000 after purchasing an additional 250,000 shares during the last quarter. 55.19% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on YY shares. Benchmark raised their price objective on shares of YY from $127.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, March 6th. Morgan Stanley started coverage on shares of YY in a research report on Wednesday, March 28th. They set a “hold” rating and a $135.00 price objective on the stock. BidaskClub downgraded shares of YY from a “hold” rating to a “sell” rating in a research report on Saturday, April 7th. ValuEngine downgraded shares of YY from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Jefferies Group lifted their target price on shares of YY from $158.00 to $164.00 and gave the company a “buy” rating in a report on Tuesday, March 6th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $132.99.

Shares of NASDAQ:YY opened at $106.12 on Thursday. The stock has a market capitalization of $6.68 billion, a PE ratio of 16.71, a PEG ratio of 0.65 and a beta of 1.63. YY has a fifty-two week low of $53.21 and a fifty-two week high of $142.97.

YY (NASDAQ:YY) last issued its earnings results on Monday, March 5th. The information services provider reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.03. The business had revenue of $557.39 million for the quarter, compared to the consensus estimate of $543.33 million. YY had a net margin of 21.48% and a return on equity of 29.96%. sell-side analysts expect that YY will post 7.19 EPS for the current year.

YY Company 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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