TIAA CREF Investment Management LLC decreased its position in YY Inc. (NASDAQ:YY) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,000 shares of the information services provider’s stock after selling 1,000 shares during the period. TIAA CREF Investment Management LLC’s holdings in YY were worth $1,522,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of YY. Wellington Management Group LLP raised 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 worth $25,052,000 after buying an additional 431,155 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of YY by 1,014.9% in the first quarter. BNP Paribas Arbitrage SA now owns 82,449 shares of the information services provider’s stock worth $3,802,000 after buying an additional 75,054 shares during the period. Acadian Asset Management LLC raised 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 worth $31,890,000 after buying an additional 290,272 shares during the period. Sei Investments Co. bought a new position in shares of YY during the first quarter worth approximately $2,493,000. Finally, Bank of New York Mellon Corp raised its position in shares of YY by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 39,241 shares of the information services provider’s stock worth $1,809,000 after buying an additional 3,062 shares during the period. 48.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of YY Inc. (NASDAQ YY) traded up 1.36% during midday trading on Friday, reaching $78.92. 2,348,206 shares of the company’s stock traded hands. YY Inc. has a 1-year low of $37.81 and a 1-year high of $83.00.

YY (NASDAQ:YY) last announced its earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.19. YY had a net margin of 22.08% and a return on equity of 41.38%. The firm had revenue of $384.85 million for the quarter, compared to the consensus estimate of $366.35 million. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, equities research analysts forecast that YY Inc. will post $5.66 EPS for the current fiscal year.

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A number of equities analysts have recently commented on YY shares. BOCOM International Holdings initiated coverage on shares of YY in a research report on Monday, May 8th. They set a “buy” rating and a $64.00 target price on the stock. Nomura reissued a “hold” rating and set a $54.00 price objective on shares of YY in a report on Friday, May 12th. Zacks Investment Research raised shares of YY from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a report on Friday, May 19th. Vetr lowered shares of YY from a “strong-buy” rating to a “buy” rating and set a $57.51 price objective on the stock. in a report on Monday, May 8th. Finally, Benchmark Co. initiated coverage on shares of YY in a report on Tuesday, April 18th. They set a “buy” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. YY presently has a consensus rating of “Buy” and a consensus price target of $63.34.

About YY

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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