Thomas White International Ltd. Sells 25,978 Shares of YY Inc (YY)

Thomas White International Ltd. cut its position in shares of YY Inc (NASDAQ:YY) by 46.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,529 shares of the information services provider’s stock after selling 25,978 shares during the quarter. Thomas White International Ltd.’s holdings in YY were worth $3,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. First Allied Advisory Services Inc. lifted its stake in YY by 7.4% during the third quarter. First Allied Advisory Services Inc. now owns 8,396 shares of the information services provider’s stock worth $724,000 after purchasing an additional 578 shares during the period. Huntington National Bank lifted its stake in YY by 93.6% during the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock worth $106,000 after purchasing an additional 589 shares during the period. Wells Fargo & Company MN lifted its stake in YY by 7.0% during the second quarter. Wells Fargo & Company MN now owns 9,127 shares of the information services provider’s stock worth $529,000 after purchasing an additional 597 shares during the period. Ameriprise Financial Inc. lifted its stake in YY by 1.7% during the third quarter. Ameriprise Financial Inc. now owns 37,016 shares of the information services provider’s stock worth $3,212,000 after purchasing an additional 623 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its stake in YY by 29.2% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 3,100 shares of the information services provider’s stock worth $350,000 after purchasing an additional 700 shares during the period. 56.43% of the stock is currently owned by institutional investors and hedge funds.

YY Inc (NASDAQ:YY) opened at $128.93 on Monday. YY Inc has a one year low of $42.90 and a one year high of $142.97. The stock has a market cap of $8,127.75, a P/E ratio of 22.27, a PEG ratio of 0.81 and a beta of 1.38.

YY (NASDAQ:YY) last posted its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.05. YY had a net margin of 20.38% and a return on equity of 31.96%. The firm had revenue of $464.78 million during the quarter, compared to analysts’ expectations of $425.44 million. During the same quarter in the previous year, the company posted $1.08 EPS. YY’s revenue was up 53.4% on a year-over-year basis. equities analysts expect that YY Inc will post 6.09 earnings per share for the current fiscal year.

A number of research analysts have commented on YY shares. Vetr upgraded shares of YY from a “sell” rating to a “hold” rating and set a $94.08 price target for the company in a research note on Monday, October 23rd. BidaskClub cut shares of YY from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. Jefferies Group upgraded shares of YY from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, November 15th. Benchmark reiterated a “buy” rating and issued a $127.00 target price on shares of YY in a research note on Wednesday, November 15th. Finally, ValuEngine upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $103.44.

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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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