Aberdeen Asset Management PLC UK boosted its holdings in shares of YY Inc. (NASDAQ:YY) by 251.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,000 shares of the information services provider’s stock after purchasing an additional 60,800 shares during the period. Aberdeen Asset Management PLC UK owned about 0.15% of YY worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in YY by 96.4% in the second quarter. Acadian Asset Management LLC now owns 1,358,113 shares of the information services provider’s stock valued at $78,808,000 after buying an additional 666,481 shares in the last quarter. Prudential Financial Inc. increased its holdings in YY by 286.8% in the second quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock valued at $42,017,000 after buying an additional 536,850 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in YY in the second quarter valued at $25,797,000. Wellington Management Group LLP increased its holdings in YY by 384.4% in the first quarter. Wellington Management Group LLP now owns 543,305 shares of the information services provider’s stock valued at $25,052,000 after buying an additional 431,155 shares in the last quarter. Finally, Ward Ferry Management BVI Ltd increased its holdings in YY by 57.4% in the first quarter. Ward Ferry Management BVI Ltd now owns 902,800 shares of the information services provider’s stock valued at $41,628,000 after buying an additional 329,400 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

A number of research firms have weighed in on YY. Citigroup Inc. lifted their price objective on shares of YY to $100.00 and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub raised shares of YY from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. ValuEngine raised shares of YY from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) began coverage on shares of YY in a report on Wednesday, August 30th. They issued a “buy” rating and a $101.00 price objective for the company. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $66.00 price objective on shares of YY in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $70.34.

Shares of YY Inc. (NASDAQ YY) opened at 77.11 on Friday. The stock’s 50 day moving average is $74.91 and its 200-day moving average is $58.78. The stock has a market cap of $4.32 billion, a PE ratio of 14.36 and a beta of 1.16. YY Inc. has a 1-year low of $37.81 and a 1-year high of $83.00.

YY (NASDAQ:YY) last announced its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $366.35 million. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. On average, analysts predict that YY Inc. will post $6.26 EPS for the current fiscal year.

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YY 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.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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