BlackRock Inc. cut its holdings in YY Inc (NASDAQ:YY) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,063,222 shares of the information services provider’s stock after selling 299,833 shares during the period. BlackRock Inc.’s holdings in YY were worth $207,290,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in shares of YY by 588.0% during the first quarter. Wells Fargo & Company MN now owns 95,614 shares of the information services provider’s stock valued at $10,058,000 after acquiring an additional 81,717 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in shares of YY during the first quarter valued at about $3,269,000. Northern Trust Corp raised its stake in shares of YY by 8.8% during the first quarter. Northern Trust Corp now owns 322,400 shares of the information services provider’s stock valued at $33,917,000 after acquiring an additional 26,185 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in shares of YY by 161.0% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 5,094 shares of the information services provider’s stock valued at $536,000 after acquiring an additional 3,142 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of YY by 8.8% during the first quarter. JPMorgan Chase & Co. now owns 667,607 shares of the information services provider’s stock valued at $70,232,000 after acquiring an additional 54,006 shares during the last quarter. Institutional investors and hedge funds own 61.30% of the company’s stock.

Several equities analysts have recently commented on YY shares. BidaskClub raised shares of YY from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. ValuEngine downgraded shares of YY from a “sell” rating to a “strong sell” rating in a research note on Friday, September 7th. Zacks Investment Research downgraded shares of YY from a “hold” rating to a “sell” rating in a research note on Thursday, June 14th. Nomura lowered their price objective on shares of YY from $161.00 to $152.00 and set a “buy” rating for the company in a research note on Thursday, June 7th. Finally, UBS Group lowered their price objective on shares of YY from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, June 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $137.19.

YY stock opened at $74.89 on Monday. YY Inc has a 1 year low of $66.46 and a 1 year high of $142.97. The stock has a market capitalization of $4.73 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.48 and a beta of 0.78.

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

About YY

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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