YY Inc. (YY) Position Increased by US Bancorp DE
US Bancorp DE boosted its stake in shares of YY Inc. (NASDAQ:YY) by 841.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,862 shares of the information services provider’s stock after buying an additional 8,814 shares during the period. US Bancorp DE’s holdings in YY were worth $573,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Smith Asset Management Group LP bought a new stake in YY during the first quarter valued at approximately $206,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of YY during the first quarter valued at about $277,000. Tudor Investment Corp ET AL acquired a new position in shares of YY during the first quarter valued at about $280,000. Quantbot Technologies LP acquired a new position in shares of YY during the first quarter valued at about $285,000. Finally, FMR LLC acquired a new position in shares of YY during the first quarter valued at about $309,000. Institutional investors own 50.92% of the company’s stock.
YY Inc. (YY) traded down 0.45% during trading on Wednesday, reaching $72.77. 4,878,520 shares of the company were exchanged. YY Inc. has a 12 month low of $37.81 and a 12 month high of $83.00.
YY (NASDAQ:YY) last posted its earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.19. YY had a net margin of 22.08% and a return on equity of 39.10%. The firm had revenue of $384.85 million during the quarter, compared to the consensus estimate of $366.35 million. During the same period last year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. Equities research analysts forecast that YY Inc. will post $5.98 EPS for the current fiscal year.
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Several research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a $79.00 target price on shares of YY in a report on Wednesday. Deutsche Bank AG reissued a “buy” rating and set a $100.00 target price (up previously from $69.00) on shares of YY in a report on Friday, August 11th. HSBC Holdings plc reissued a “buy” rating and set a $89.00 target price (up previously from $65.00) on shares of YY in a report on Friday, August 11th. Citigroup Inc. raised their target price on shares of YY to $100.00 and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, ValuEngine cut shares of YY from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.53.
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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