Swiss National Bank increased its stake in YY Inc. (NASDAQ:YY) by 16.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,067 shares of the information services provider’s stock after buying an additional 8,100 shares during the period. Swiss National Bank’s holdings in YY were worth $2,677,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YY. Boston Partners raised its position in shares of YY by 244.3% in the first quarter. Boston Partners now owns 1,316,938 shares of the information services provider’s stock valued at $60,724,000 after buying an additional 934,434 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of YY by 72.3% in the first quarter. Acadian Asset Management LLC now owns 691,632 shares of the information services provider’s stock valued at $31,890,000 after buying an additional 290,272 shares in the last quarter. Numeric Investors LLC acquired a new position in shares of YY during the fourth quarter valued at about $25,004,000. APG Asset Management N.V. raised its position in shares of YY by 6.1% in the first quarter. APG Asset Management N.V. now owns 613,600 shares of the information services provider’s stock valued at $28,293,000 after buying an additional 35,400 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of YY during the fourth quarter valued at about $19,856,000. 47.85% of the stock is owned by hedge funds and other institutional investors.
Shares of YY Inc. (NASDAQ YY) opened at 54.91 on Friday. The firm’s 50-day moving average price is $55.28 and its 200 day moving average price is $46.95. The stock has a market cap of $3.06 billion, a P/E ratio of 11.97 and a beta of 1.12. YY Inc. has a 1-year low of $31.07 and a 1-year high of $61.52.
Several research analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 target price (up from $46.00) on shares of YY in a research report on Sunday, May 14th. BidaskClub lowered YY from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. TheStreet raised YY from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. Zacks Investment Research raised YY from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research report on Friday, May 19th. Finally, BOCOM International Holdings assumed coverage on YY in a research report on Monday, May 8th. They set a “buy” rating and a $64.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $57.83.
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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