Thomas White International Ltd. Boosts Holdings in YY Inc (YY)

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Thomas White International Ltd. raised its stake in YY Inc (NASDAQ:YY) by 12.4% in the 1st quarter, HoldingsChannel reports. The fund owned 38,462 shares of the information services provider’s stock after buying an additional 4,254 shares during the quarter. Thomas White International Ltd.’s holdings in YY were worth $3,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of YY. Cascade Investment Advisors Inc. grew its holdings in YY by 14.0% during the first quarter. Cascade Investment Advisors Inc. now owns 1,220 shares of the information services provider’s stock valued at $102,000 after purchasing an additional 150 shares during the period. Raymond James & Associates grew its holdings in YY by 0.9% during the first quarter. Raymond James & Associates now owns 21,405 shares of the information services provider’s stock valued at $1,798,000 after purchasing an additional 184 shares during the period. Van ECK Associates Corp grew its holdings in YY by 40.0% during the fourth quarter. Van ECK Associates Corp now owns 700 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 200 shares during the period. Level Four Advisory Services LLC grew its holdings in YY by 3.1% during the fourth quarter. Level Four Advisory Services LLC now owns 7,991 shares of the information services provider’s stock valued at $478,000 after purchasing an additional 238 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in YY by 40.7% during the first quarter. Quadrant Capital Group LLC now owns 829 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 59.65% of the company’s stock.

A number of brokerages have recently commented on YY. BidaskClub lowered shares of YY from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised shares of YY from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $100.00 in a research report on Wednesday, March 6th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Tigress Financial reissued a “buy” rating on shares of YY in a research report on Friday, April 5th. Finally, UBS Group lowered shares of YY from a “buy” rating to a “neutral” rating and set a $77.00 price objective on the stock. in a research report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $93.67.

Shares of NASDAQ:YY traded up $1.89 on Tuesday, hitting $68.16. The company had a trading volume of 14,404 shares, compared to its average volume of 1,096,675. YY Inc has a 1-year low of $55.55 and a 1-year high of $125.84. The company has a market cap of $4.27 billion, a P/E ratio of 9.55, a P/E/G ratio of 0.58 and a beta of 1.18.

YY (NASDAQ:YY) last released its quarterly earnings data on Monday, March 4th. The information services provider reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.01. YY had a net margin of 12.76% and a return on equity of 17.52%. The firm had revenue of $674.99 million for the quarter, compared to the consensus estimate of $641.65 million. On average, equities research analysts expect that YY Inc will post 6.72 earnings per share for the current year.

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YY Company 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; 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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