California Public Employees Retirement System increased its stake in YY Inc. (NASDAQ:YY) by 95.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,600 shares of the information services provider’s stock after buying an additional 53,600 shares during the period. California Public Employees Retirement System owned 0.20% of YY worth $4,679,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Boston Partners increased its stake in shares of YY by 244.3% in the first quarter. Boston Partners now owns 1,316,938 shares of the information services provider’s stock worth $60,724,000 after buying an additional 934,434 shares during the period. Wellington Management Group LLP boosted its position in shares of YY by 384.4% in the first quarter. Wellington Management Group LLP now owns 543,305 shares of the information services provider’s stock worth $25,052,000 after buying an additional 431,155 shares in the last quarter. Credit Agricole S A boosted its position in shares of YY by 235.5% in the first quarter. Credit Agricole S A now owns 450,180 shares of the information services provider’s stock worth $20,757,000 after buying an additional 316,000 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of YY by 72.3% in the first quarter. Acadian Asset Management LLC now owns 691,632 shares of the information services provider’s stock worth $31,890,000 after buying an additional 290,272 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of YY during the fourth quarter worth $10,009,000. Hedge funds and other institutional investors own 48.86% of the company’s stock.

YY Inc. (NASDAQ:YY) traded up 4.20% during mid-day trading on Monday, reaching $76.58. The company had a trading volume of 1,988,333 shares. The stock has a market cap of $4.26 billion, a PE ratio of 16.46 and a beta of 1.16. YY Inc. has a 52 week low of $37.81 and a 52 week high of $77.85.

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A number of brokerages have commented on YY. BidaskClub raised YY from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 20th. Zacks Investment Research cut YY from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. Bank of America Corporation restated a “buy” rating and set a $66.00 price target on shares of YY in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and set a $56.00 price target on shares of YY in a research report on Friday, June 16th. Finally, CICC Research lowered YY to a “hold” rating and set a $60.00 price target on the stock. in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.23.

YY Company 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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