Prudential Financial Inc. increased its stake in YY Inc. (NASDAQ:YY) by 286.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 724,050 shares of the information services provider’s stock after buying an additional 536,850 shares during the period. Prudential Financial Inc. owned about 1.30% of YY worth $42,017,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Aviva PLC increased its stake in YY by 3.8% in the second quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock valued at $319,000 after buying an additional 200 shares during the last quarter. Victory Capital Management Inc. increased its stake in YY by 43,918.6% in the second quarter. Victory Capital Management Inc. now owns 232,418 shares of the information services provider’s stock valued at $13,486,000 after buying an additional 231,890 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in YY by 4.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 82,164 shares of the information services provider’s stock valued at $4,768,000 after buying an additional 3,875 shares during the last quarter. KBC Group NV increased its stake in YY by 30.1% in the second quarter. KBC Group NV now owns 123,431 shares of the information services provider’s stock valued at $7,163,000 after buying an additional 28,528 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in YY by 13.2% in the second quarter. BNP Paribas Arbitrage SA now owns 93,372 shares of the information services provider’s stock valued at $5,418,000 after buying an additional 10,923 shares during the last quarter. Hedge funds and other institutional investors own 54.68% of the company’s stock.

YY Inc. (YY) opened at 71.09 on Thursday. YY Inc. has a one year low of $37.81 and a one year high of $83.00.

YY (NASDAQ:YY) last announced its quarterly earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.19. The business had revenue of $384.85 million for the quarter, compared to analyst estimates of $366.35 million. YY had a return on equity of 39.07% and a net margin of 22.08%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. Equities research analysts anticipate that YY Inc. will post $6.14 earnings per share for the current fiscal year.

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Several research firms have issued reports on YY. Goldman Sachs Group, Inc. (The) began coverage on YY in a report on Wednesday. They set a “buy” rating on the stock. BidaskClub downgraded YY from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded YY from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and set a $79.00 price objective on shares of YY in a report on Wednesday, August 16th. Finally, Deutsche Bank AG restated a “buy” rating and set a $100.00 price objective (up previously from $69.00) on shares of YY in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $68.03.

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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