AMP Capital Investors Ltd raised its stake in YY Inc (NASDAQ:YY) by 9.1% in the 2nd quarter, Holdings Channel reports. The firm owned 42,033 shares of the information services provider’s stock after buying an additional 3,500 shares during the quarter. AMP Capital Investors Ltd’s holdings in YY were worth $4,222,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of YY. BlackRock Inc. raised its stake in shares of YY by 27.8% in the first quarter. BlackRock Inc. now owns 2,363,055 shares of the information services provider’s stock worth $248,594,000 after purchasing an additional 513,995 shares during the last quarter. Pendal Group Ltd raised its stake in shares of YY by 667.6% in the second quarter. Pendal Group Ltd now owns 496,943 shares of the information services provider’s stock worth $49,928,000 after purchasing an additional 432,204 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of YY by 153.8% in the first quarter. Hsbc Holdings PLC now owns 364,549 shares of the information services provider’s stock worth $38,351,000 after purchasing an additional 220,911 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of YY by 111.3% in the second quarter. Russell Investments Group Ltd. now owns 397,627 shares of the information services provider’s stock worth $40,778,000 after purchasing an additional 209,483 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of YY by 25.3% in the second quarter. FMR LLC now owns 883,931 shares of the information services provider’s stock valued at $88,808,000 after acquiring an additional 178,670 shares in the last quarter. 61.32% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on YY. JPMorgan Chase & Co. upped their target price on YY from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, June 7th. BidaskClub raised YY from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. UBS Group reduced their target price on YY from $160.00 to $150.00 and set a “buy” rating for the company in a report on Friday, June 8th. Zacks Investment Research lowered YY from a “hold” rating to a “sell” rating in a report on Thursday, June 14th. Finally, ValuEngine raised YY from a “hold” rating to a “buy” rating in a report on Friday, June 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $137.19.

YY stock opened at $72.84 on Monday. The company has a market capitalization of $4.51 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 0.45 and a beta of 0.78. YY Inc has a 12-month low of $66.46 and a 12-month high of $142.97.

YY (NASDAQ:YY) last released its earnings results on Monday, August 13th. The information services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $570.20 million during the quarter, compared to analyst estimates of $544.76 million. YY had a return on equity of 22.08% and a net margin of 14.99%. YY’s quarterly revenue was up 48.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. analysts anticipate that YY Inc will post 6.95 EPS for the current year.

YY 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; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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