Schwab Charles Investment Management Inc. Buys Shares of 31,066 YY Inc (YY)

Schwab Charles Investment Management Inc. bought a new position in YY Inc (NASDAQ:YY) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 31,066 shares of the information services provider’s stock, valued at approximately $3,269,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YY. Whale Rock Capital Management LLC lifted its stake in YY by 240.6% in the 4th quarter. Whale Rock Capital Management LLC now owns 935,962 shares of the information services provider’s stock worth $105,820,000 after purchasing an additional 661,167 shares in the last quarter. Deutsche Bank AG lifted its stake in YY by 55.3% in the 4th quarter. Deutsche Bank AG now owns 1,064,732 shares of the information services provider’s stock worth $120,376,000 after purchasing an additional 379,250 shares in the last quarter. Greystone Managed Investments Inc. lifted its stake in YY by 305.4% in the 1st quarter. Greystone Managed Investments Inc. now owns 219,700 shares of the information services provider’s stock worth $23,112,000 after purchasing an additional 165,500 shares in the last quarter. SeaTown Holdings Pte. Ltd. purchased a new stake in YY in the 1st quarter worth approximately $14,938,000. Finally, Wells Fargo & Company MN lifted its stake in YY by 588.0% in the 1st quarter. Wells Fargo & Company MN now owns 95,614 shares of the information services provider’s stock worth $10,058,000 after purchasing an additional 81,717 shares in the last quarter. Institutional investors and hedge funds own 54.37% of the company’s stock.

YY opened at $100.47 on Friday, Marketbeat Ratings reports. YY Inc has a 52 week low of $55.83 and a 52 week high of $142.97. The firm has a market cap of $6.53 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 0.49 and a beta of 1.52.

YY (NASDAQ:YY) last released its earnings results on Tuesday, June 5th. The information services provider reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.21). YY had a net margin of 23.00% and a return on equity of 27.41%. The business had revenue of $517.96 million for the quarter, compared to the consensus estimate of $491.32 million. research analysts forecast that YY Inc will post 7.94 earnings per share for the current year.

Several research firms have recently weighed in on YY. ValuEngine cut shares of YY from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut shares of YY from a “buy” rating to a “hold” rating in a research report on Friday, March 16th. JPMorgan Chase & Co. raised their price objective on shares of YY from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, June 7th. BidaskClub cut shares of YY from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, UBS Group lowered their price objective on shares of YY from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, June 8th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $135.07.

YY Profile

YY Inc, through its subsidiaries, operates a live streaming platform in the People's Republic of China. It engages users to interact in live online group activities through voice, text, and video, as well as to create and organize groups of various 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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