State Street Corp increased its stake in shares of YY Inc. (NASDAQ:YY) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 504,267 shares of the information services provider’s stock after buying an additional 3,894 shares during the period. State Street Corp’s holdings in YY were worth $23,250,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc raised its position in YY by 1.9% in the first quarter. Legal & General Group Plc now owns 57,621 shares of the information services provider’s stock worth $2,657,000 after buying an additional 1,100 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in YY by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 78,289 shares of the information services provider’s stock worth $3,610,000 after buying an additional 1,305 shares during the last quarter. Penserra Capital Management LLC raised its position in YY by 19.0% in the first quarter. Penserra Capital Management LLC now owns 11,012 shares of the information services provider’s stock worth $507,000 after buying an additional 1,762 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in YY by 26.8% in the first quarter. Xact Kapitalforvaltning AB now owns 10,400 shares of the information services provider’s stock worth $480,000 after buying an additional 2,200 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in YY by 4.5% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 52,460 shares of the information services provider’s stock worth $2,419,000 after buying an additional 2,281 shares during the last quarter. Institutional investors and hedge funds own 48.86% of the company’s stock.

YY Inc. (NASDAQ YY) traded up 2.35% during trading on Wednesday, reaching $78.06. 726,535 shares of the company’s stock traded hands. YY Inc. has a 1-year low of $37.81 and a 1-year high of $78.61. The firm has a market capitalization of $4.34 billion, a PE ratio of 16.67 and a beta of 1.16. The firm has a 50 day moving average of $63.31 and a 200 day moving average of $52.19.

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A number of research firms recently weighed in on YY. Zacks Investment Research lowered shares of YY from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. CICC Research lowered 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. BidaskClub upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 20th. ValuEngine lowered shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, J P Morgan Chase & Co lowered shares of YY from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $56.00 to $60.00 in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average 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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