UG Investment Advisers Ltd. continued to hold its position in YY Inc. (NASDAQ:YY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,750 shares of the information services provider’s stock at the close of the 2nd quarter. YY comprises 3.2% of UG Investment Advisers Ltd.’s portfolio, making the stock its 3rd largest position. UG Investment Advisers Ltd. owned approximately 0.17% of YY worth $5,382,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of YY. Advisors Preferred LLC bought a new position in shares of YY in the 2nd quarter worth $145,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of YY by 7.5% in 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 last quarter. Profund Advisors LLC bought a new position in shares of YY in the 2nd quarter worth $240,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of YY in the 1st quarter worth $277,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of YY in the 1st quarter worth $280,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities analysts have recently commented on YY shares. Jefferies Group LLC reissued a “hold” rating and issued a $56.00 price target on shares of YY in a report on Friday, June 16th. Deutsche Bank AG reissued a “buy” rating and issued a $100.00 price target (up previously from $69.00) on shares of YY in a report on Friday, August 11th. Zacks Investment Research raised shares of YY from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a report on Friday, August 25th. HSBC Holdings plc reaffirmed a “buy” rating and issued a $89.00 price objective (up previously from $65.00) on shares of YY in a research note on Friday, August 11th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $66.00 price objective on shares of YY in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.34.
YY Inc. (NASDAQ:YY) traded down 2.23% during midday trading on Friday, hitting $77.11. 1,118,584 shares of the stock traded hands. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 14.36 and a beta of 1.16. The firm’s 50-day moving average is $74.91 and its 200-day moving average is $58.78. YY Inc. has a 52-week low of $37.81 and a 52-week high of $83.00.
YY (NASDAQ:YY) last issued its earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.19. The firm had revenue of $384.85 million during the quarter, compared to analyst estimates of $366.35 million. YY had a net margin of 22.08% and a return on equity of 39.07%. The business’s revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. Analysts predict that YY Inc. will post $6.18 EPS for the current year.
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.
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