Los Angeles Capital Management & Equity Research Inc. trimmed its position in YY Inc (NASDAQ:YY) by 64.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,306 shares of the information services provider’s stock after selling 121,578 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.11% of YY worth $5,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its position in YY by 1.5% during the 3rd quarter. Acadian Asset Management LLC now owns 1,651,855 shares of the information services provider’s stock worth $123,756,000 after purchasing an additional 24,583 shares during the period. Hillhouse Capital Management Ltd. grew its position in YY by 74.9% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 942,575 shares of the information services provider’s stock worth $94,701,000 after purchasing an additional 403,669 shares during the period. FMR LLC grew its position in YY by 25.3% during the 2nd quarter. FMR LLC now owns 883,931 shares of the information services provider’s stock worth $88,808,000 after purchasing an additional 178,670 shares during the period. Boston Partners grew its position in YY by 10.0% during the 2nd quarter. Boston Partners now owns 549,939 shares of the information services provider’s stock worth $55,252,000 after purchasing an additional 49,813 shares during the period. Finally, Platinum Investment Management Ltd. acquired a new stake in YY during the 2nd quarter worth about $53,436,000. 57.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on YY. Benchmark dropped their target price on YY to $106.00 and set a “buy” rating on the stock in a research report on Tuesday, November 13th. Goldman Sachs Group upgraded YY from a “neutral” rating to a “buy” rating and dropped their target price for the company from $117.00 to $108.00 in a research report on Thursday. BidaskClub cut YY from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Zacks Investment Research upgraded YY from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Friday, October 19th. Finally, CLSA set a $125.00 price target on shares of YY and gave the company a “buy” rating in a research note on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $119.99.

YY traded down $2.06 during trading on Friday, reaching $62.66. The company’s stock had a trading volume of 1,142,058 shares, compared to its average volume of 1,087,463. YY Inc has a 1 year low of $56.65 and a 1 year high of $142.97. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.43 and a beta of 0.89.

YY (NASDAQ:YY) last released its earnings results on Monday, November 12th. The information services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.03. YY had a net margin of 14.07% and a return on equity of 19.64%. The business had revenue of $597.00 million for the quarter, compared to analyst estimates of $577.38 million. During the same period last year, the company posted $1.59 EPS. On average, sell-side analysts forecast that YY Inc will post 6.57 EPS for the current year.

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YY Profile

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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