YY (YY) Stake Increased by Swiss National Bank

Swiss National Bank grew its position in YY (NASDAQ:YY) by 6.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 90,562 shares of the information services provider’s stock after acquiring an additional 5,600 shares during the quarter. Swiss National Bank’s holdings in YY were worth $9,527,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of YY by 0.5% in the 4th quarter. BlackRock Inc. now owns 1,849,060 shares of the information services provider’s stock valued at $209,053,000 after buying an additional 9,390 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of YY by 55.3% in the 4th quarter. Deutsche Bank AG now owns 1,064,732 shares of the information services provider’s stock valued at $120,376,000 after buying an additional 379,250 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of YY by 296.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,044,710 shares of the information services provider’s stock valued at $118,115,000 after buying an additional 780,948 shares in the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of YY by 240.6% in the 4th quarter. Whale Rock Capital Management LLC now owns 935,962 shares of the information services provider’s stock valued at $105,820,000 after buying an additional 661,167 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of YY by 7.1% in the 4th quarter. Renaissance Technologies LLC now owns 899,899 shares of the information services provider’s stock valued at $101,743,000 after buying an additional 59,899 shares in the last quarter. Institutional investors and hedge funds own 55.19% of the company’s stock.

YY opened at $106.95 on Friday, according to Marketbeat Ratings. YY has a 12-month low of $53.21 and a 12-month high of $142.97. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.65 and a beta of 1.63.

YY (NASDAQ:YY) last posted its quarterly earnings results on Monday, March 5th. The information services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.03. YY had a net margin of 21.48% and a return on equity of 29.96%. The company had revenue of $557.39 million during the quarter, compared to analyst estimates of $543.33 million. equities analysts predict that YY will post 7.19 earnings per share for the current fiscal year.

YY has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of YY in a research note on Wednesday, March 28th. They issued a “hold” rating and a $135.00 target price for the company. Jefferies Group lifted their target price on shares of YY from $158.00 to $164.00 and gave the stock a “buy” rating in a research note on Tuesday, March 6th. Vetr upgraded shares of YY from a “buy” rating to a “strong-buy” rating and set a $148.60 target price for the company in a research note on Monday, February 5th. BidaskClub cut shares of YY from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. Finally, Citigroup initiated coverage on shares of YY in a research note on Tuesday, February 20th. They issued a “buy” rating and a $150.00 target price for the company. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $132.99.

YY Profile

YY Inc, through its subsidiaries, operates a live streaming platform in the People's Republic of China. It engages users to interact in live online group activities through voice, text, and video, as well as to create and organize groups of various 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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