YY Inc. (YY) Shares Bought by D.A. Davidson & CO.
D.A. Davidson & CO. lifted its position in YY Inc. (NASDAQ:YY) by 17.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,700 shares of the information services provider’s stock after acquiring an additional 400 shares during the quarter. D.A. Davidson & CO.’s holdings in YY were worth $156,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. First Trust Advisors LP lifted its position in YY by 37.3% in the 1st quarter. First Trust Advisors LP now owns 29,140 shares of the information services provider’s stock worth $1,344,000 after buying an additional 7,918 shares in the last quarter. Bank of New York Mellon Corp lifted its position in YY by 8.5% in the 1st quarter. Bank of New York Mellon Corp now owns 39,241 shares of the information services provider’s stock worth $1,809,000 after buying an additional 3,062 shares in the last quarter. Swiss National Bank lifted its position in YY by 16.2% in the 1st quarter. Swiss National Bank now owns 58,067 shares of the information services provider’s stock worth $2,677,000 after buying an additional 8,100 shares in the last quarter. Karp Capital Management Corp purchased a new stake in YY in the 1st quarter worth approximately $995,000. Finally, Ameriprise Financial Inc. lifted its position in YY by 35.5% in the 1st quarter. Ameriprise Financial Inc. now owns 37,158 shares of the information services provider’s stock worth $1,713,000 after buying an additional 9,739 shares in the last quarter. Institutional investors and hedge funds own 55.05% of the company’s stock.
YY Inc. (NASDAQ:YY) opened at 88.74 on Monday. YY Inc. has a 1-year low of $37.81 and a 1-year high of $94.00.
YY (NASDAQ:YY) last posted its quarterly earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $366.35 million. During the same period in the prior year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. Equities analysts anticipate that YY Inc. will post $6.09 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Bank of America Corporation increased their target price on shares of YY from $89.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Vetr downgraded shares of YY from a “buy” rating to a “hold” rating and set a $82.17 target price for the company. in a research report on Monday, September 25th. BidaskClub upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $100.00 target price (up previously from $69.00) on shares of YY in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $74.25.
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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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