Canada Pension Plan Investment Board boosted its position in shares of YY Inc (NASDAQ:YY) by 54.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,400 shares of the information services provider’s stock after buying an additional 47,400 shares during the period. Canada Pension Plan Investment Board’s holdings in YY were worth $10,069,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in YY by 38.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 295,228 shares of the information services provider’s stock valued at $22,118,000 after buying an additional 82,486 shares during the last quarter. HAP Trading LLC raised its holdings in YY by 172.2% in the 3rd quarter. HAP Trading LLC now owns 10,036 shares of the information services provider’s stock valued at $752,000 after buying an additional 23,936 shares during the last quarter. FMR LLC raised its holdings in YY by 93.2% in the 3rd quarter. FMR LLC now owns 1,707,427 shares of the information services provider’s stock valued at $127,920,000 after buying an additional 823,496 shares during the last quarter. FIL Ltd raised its holdings in YY by 17.4% in the 3rd quarter. FIL Ltd now owns 280,776 shares of the information services provider’s stock valued at $21,036,000 after buying an additional 41,673 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in YY by 9.3% in the 3rd quarter. BlackRock Inc. now owns 2,254,782 shares of the information services provider’s stock valued at $168,929,000 after buying an additional 191,560 shares during the last quarter. Hedge funds and other institutional investors own 57.45% of the company’s stock.

YY stock opened at $65.97 on Thursday. YY Inc has a 52-week low of $56.65 and a 52-week high of $142.97. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.46 and a beta of 0.89.

YY (NASDAQ:YY) last released its quarterly earnings results on Monday, November 12th. The information services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. YY had a net margin of 14.07% and a return on equity of 19.64%. The firm had revenue of $597.00 million during the quarter, compared to analyst estimates of $577.38 million. During the same quarter last year, the business earned $1.59 EPS. On average, sell-side analysts forecast that YY Inc will post 6.57 earnings per share for the current year.

YY has been the subject of several analyst reports. BidaskClub lowered shares of YY from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Zacks Investment Research upgraded shares of YY from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, October 19th. ValuEngine lowered shares of YY from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. JPMorgan Chase & Co. lowered shares of YY from an “overweight” rating to a “neutral” rating and set a $68.05 price target for the company. in a report on Tuesday, November 27th. Finally, Benchmark lowered their price target on shares of YY to $106.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. YY currently has a consensus rating of “Buy” and an average target price of $121.19.

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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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