Unigestion Holding SA Grows Stock Holdings in YY Inc (NASDAQ:YY)

Unigestion Holding SA increased its stake in shares of YY Inc (NASDAQ:YY) by 89.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the information services provider’s stock after buying an additional 3,400 shares during the period. Unigestion Holding SA’s holdings in YY were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in YY. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of YY by 56.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 194,402 shares of the information services provider’s stock valued at $16,332,000 after purchasing an additional 70,293 shares in the last quarter. Unison Advisors LLC purchased a new stake in shares of YY in the second quarter valued at about $217,000. NN Investment Partners Holdings N.V. lifted its holdings in shares of YY by 1,772.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 33,700 shares of the information services provider’s stock valued at $2,349,000 after purchasing an additional 31,900 shares in the last quarter. TB Alternative Assets Ltd. lifted its holdings in shares of YY by 28.7% in the second quarter. TB Alternative Assets Ltd. now owns 96,400 shares of the information services provider’s stock valued at $6,718,000 after purchasing an additional 21,500 shares in the last quarter. Finally, We Are One Seven LLC lifted its holdings in shares of YY by 18.1% in the second quarter. We Are One Seven LLC now owns 3,709 shares of the information services provider’s stock valued at $258,000 after purchasing an additional 569 shares in the last quarter. 50.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:YY traded up $0.38 during trading on Friday, reaching $65.03. The stock had a trading volume of 542,100 shares, compared to its average volume of 1,077,976. YY Inc has a fifty-two week low of $51.00 and a fifty-two week high of $88.85. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.18 billion, a P/E ratio of 9.12, a PEG ratio of 1.37 and a beta of 1.16. The business has a fifty day moving average price of $58.63 and a 200-day moving average price of $64.58.

YY (NASDAQ:YY) last posted its quarterly earnings data on Tuesday, August 13th. The information services provider reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.13). YY had a net margin of 22.75% and a return on equity of 9.71%. The company had revenue of $917.00 million for the quarter, compared to the consensus estimate of $878.97 million. During the same quarter last year, the company earned $2.03 earnings per share. The company’s revenue was up 60.8% compared to the same quarter last year. As a group, equities analysts forecast that YY Inc will post 3.3 EPS for the current year.

A number of equities analysts have recently weighed in on YY shares. TheStreet lowered shares of YY from a “b-” rating to a “c+” rating in a research report on Friday, August 30th. Jefferies Financial Group started coverage on shares of YY in a research report on Monday, August 5th. They issued a “buy” rating and a $76.10 price objective for the company. Zacks Investment Research raised shares of YY from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Saturday, October 19th. BidaskClub raised shares of YY from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Bank of America cut their price objective on shares of YY from $98.00 to $83.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.01.

About YY

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; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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