Tudor Investment Corp ET AL Buys Shares of 6,063 YY Inc. (NASDAQ:YY)
Tudor Investment Corp ET AL bought a new position in YY Inc. (NASDAQ:YY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,063 shares of the information services provider’s stock, valued at approximately $280,000.
Other institutional investors also recently modified their holdings of the company. Smith Asset Management Group LP bought a new position in shares of YY during the first quarter worth approximately $206,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of YY during the first quarter worth approximately $277,000. Quantbot Technologies LP bought a new position in shares of YY during the first quarter worth approximately $285,000. FMR LLC bought a new position in shares of YY during the first quarter worth approximately $309,000. Finally, Renaissance Group LLC bought a new position in shares of YY during the first quarter worth approximately $385,000. 47.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of YY Inc. (NASDAQ:YY) opened at 70.69 on Tuesday. YY Inc. has a 52 week low of $37.81 and a 52 week high of $71.45. The company’s 50-day moving average is $59.78 and its 200 day moving average is $50.41. The stock has a market capitalization of $3.93 billion, a P/E ratio of 15.15 and a beta of 1.12.
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YY has been the subject of several recent analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $56.00 target price (up from $46.00) on shares of YY in a research note on Sunday, May 14th. BidaskClub upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 20th. TheStreet raised shares of YY from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Bank of America Corporation reissued a “buy” rating and set a $66.00 target price on shares of YY in a report on Tuesday, July 4th. Finally, Zacks Investment Research raised shares of YY from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. YY currently has an average rating of “Buy” and an average price target of $58.23.
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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