YY Inc. (YY) Shares Bought by Andra AP fonden
Andra AP fonden lifted its stake in shares of YY Inc. (NASDAQ:YY) by 311.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,100 shares of the information services provider’s stock after buying an additional 29,600 shares during the period. Andra AP fonden owned about 0.07% of YY worth $2,269,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of YY during the second quarter worth $145,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of YY by 7.5% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after buying an additional 200 shares in the last quarter. Smith Asset Management Group LP acquired a new position in shares of YY during the first quarter worth $206,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of YY during the first quarter worth $277,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of YY during the first quarter worth $280,000. Institutional investors own 54.68% of the company’s stock.
Shares of YY Inc. (NASDAQ:YY) opened at 74.35 on Monday. The company has a market cap of $4.17 billion, a PE ratio of 14.00 and a beta of 1.16. The firm’s 50-day moving average is $72.47 and its 200-day moving average is $56.79. YY Inc. has a 12 month low of $37.81 and a 12 month high of $83.00.
YY (NASDAQ:YY) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.19. YY had a net margin of 22.08% and a return on equity of 39.07%. The firm had revenue of $384.85 million for the quarter, compared to analysts’ expectations of $366.35 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. On average, equities research analysts predict that YY Inc. will post $6.16 earnings per share for the current year.
Several analysts recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $56.00 price objective (up previously from $46.00) on shares of YY in a research note 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 research note on Friday, August 11th. BidaskClub raised shares of YY from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 20th. ValuEngine cut shares of YY from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of YY in a research note on Wednesday, August 30th. They issued a “buy” rating and a $101.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. YY presently has a consensus rating of “Buy” and a consensus target price of $69.97.
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.
Receive News & Stock Ratings for YY Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY Inc. and related stocks with our FREE daily email newsletter.