Fmr LLC Takes Position in YY Inc. (NASDAQ:YY)

Fmr LLC bought a new stake in YY Inc. (NASDAQ:YY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,700 shares of the information services provider’s stock, valued at approximately $309,000.

A number of other large investors have also made changes to their positions in YY. Boston Partners boosted 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 during the last quarter. Acadian Asset Management LLC boosted 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 during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of YY by 22.4% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 644,000 shares of the information services provider’s stock valued at $29,694,000 after buying an additional 118,000 shares during the last quarter. APG Asset Management N.V. boosted 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 during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of YY by 384.4% in the first quarter. Wellington Management Group LLP now owns 543,305 shares of the information services provider’s stock valued at $25,052,000 after buying an additional 431,155 shares during the last quarter. 48.86% of the stock is currently owned by institutional investors.

YY Inc. (YY) opened at 77.97 on Thursday. YY Inc. has a 52-week low of $37.81 and a 52-week high of $79.00. The firm has a market cap of $4.34 billion, a PE ratio of 16.65 and a beta of 1.16. The firm has a 50-day moving average of $65.05 and a 200-day moving average of $52.96.

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Several research analysts have recently weighed in on YY shares. J P Morgan Chase & Co cut shares of YY from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $56.00 to $60.00 in a research report on Thursday, May 11th. Zacks Investment Research raised shares of YY from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Thursday, April 13th. Jefferies Group LLC reissued a “hold” rating and set a $56.00 price target on shares of YY in a research report on Friday, June 16th. Benchmark Co. started coverage on shares of YY in a research report on Tuesday, April 18th. They set a “buy” rating and a $60.00 price target on the stock. Finally, CICC Research cut shares of YY to a “hold” rating and set a $60.00 price target on the stock. in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $58.23.

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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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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