YY Inc. (NASDAQ:YY) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of YY Inc. (NASDAQ:YY) by 610.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,700 shares of the information services provider’s stock after purchasing an additional 116,599 shares during the period. New York State Common Retirement Fund owned 0.24% of YY worth $7,875,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in shares of YY during the 2nd quarter worth about $145,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of YY by 7.5% during the 2nd 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 during the period. Profund Advisors LLC bought a new stake in shares of YY during the 2nd quarter worth about $240,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of YY during the 1st quarter worth about $277,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of YY during the 1st quarter worth about $280,000. Institutional investors own 55.05% of the company’s stock.

YY Inc. (NASDAQ YY) opened at 92.77 on Friday. The stock has a 50 day moving average of $83.79 and a 200 day moving average of $65.69. YY Inc. has a 12 month low of $37.81 and a 12 month high of $94.00. The firm has a market capitalization of $5.20 billion, a PE ratio of 17.08 and a beta of 1.18.

YY (NASDAQ:YY) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 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 company had revenue of $384.85 million during the quarter, compared to analyst estimates of $366.35 million. During the same period last year, the business earned $0.90 earnings per share. YY’s revenue was up 28.9% compared to the same quarter last year. On average, equities analysts predict that YY Inc. will post $6.15 earnings per share for the current fiscal year.

Several brokerages recently commented on YY. Zacks Investment Research downgraded shares of YY from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Vetr downgraded shares of YY from a “hold” rating to a “sell” rating and set a $90.35 price objective for the company. in a report on Monday. ValuEngine downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Bank of America Corporation boosted their price objective on shares of YY from $89.00 to $101.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub raised shares of YY from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $74.58.

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YY Company Profile

YY Inc (YY

Several other institutional investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in shares of YY during the 2nd quarter worth about $145,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of YY by 7.5% during the 2nd 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 during the period. Profund Advisors LLC bought a new stake in shares of YY during the 2nd quarter worth about $240,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of YY during the 1st quarter worth about $277,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of YY during the 1st quarter worth about $280,000. Institutional investors own 55.05% of the company’s stock.

YY Inc. (NASDAQ YY) opened at 92.77 on Friday. The stock has a 50 day moving average of $83.79 and a 200 day moving average of $65.69. YY Inc. has a 12 month low of $37.81 and a 12 month high of $94.00. The firm has a market capitalization of $5.20 billion, a PE ratio of 17.08 and a beta of 1.18.

YY (NASDAQ:YY) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 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 company had revenue of $384.85 million during the quarter, compared to analyst estimates of $366.35 million. During the same period last year, the business earned $0.90 earnings per share. YY’s revenue was up 28.9% compared to the same quarter last year. On average, equities analysts predict that YY Inc. will post $6.15 earnings per share for the current fiscal year.

Several brokerages recently commented on YY. Zacks Investment Research downgraded shares of YY from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Vetr downgraded shares of YY from a “hold” rating to a “sell” rating and set a $90.35 price objective for the company. in a report on Monday. ValuEngine downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Bank of America Corporation boosted their price objective on shares of YY from $89.00 to $101.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub raised shares of YY from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $74.58.

WARNING: This piece of content was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/20/new-york-state-common-retirement-fund-grows-position-in-yy-inc-yy.html.

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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