Fox Run Management L.L.C. Sells 11,500 Shares of YY Inc. (NASDAQ:YY)
Fox Run Management L.L.C. lowered its stake in shares of YY Inc. (NASDAQ:YY) by 76.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the information services provider’s stock after selling 11,500 shares during the period. Fox Run Management L.L.C.’s holdings in YY were worth $203,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Smith Asset Management Group LP acquired a new position in YY during the first quarter valued at $206,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in YY during the first quarter valued at $277,000. Tudor Investment Corp ET AL acquired a new position in YY during the first quarter valued at $280,000. Quantbot Technologies LP acquired a new position in YY during the first quarter valued at $285,000. Finally, FMR LLC acquired a new position in YY during the first quarter valued at $309,000. Institutional investors and hedge funds own 50.92% of the company’s stock.
YY Inc. (NASDAQ:YY) traded up 3.14% on Friday, reaching $73.69. 2,199,320 shares of the company’s stock were exchanged. YY Inc. has a 12 month low of $37.81 and a 12 month high of $83.00.
YY (NASDAQ:YY) last posted its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.19. The firm had revenue of $384.85 million during the quarter, compared to analysts’ expectations of $366.35 million. YY had a net margin of 22.08% and a return on equity of 39.07%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. On average, equities research analysts anticipate that YY Inc. will post $6.08 EPS for the current year.
A number of equities analysts have commented on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $56.00 price objective (up previously from $46.00) on shares of YY in a report on Sunday, May 14th. Citigroup Inc. boosted their price objective on shares of YY to $100.00 and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 20th. ValuEngine downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Finally, TheStreet raised shares of YY from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $66.53.
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.
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