KBC Group NV Boosts Holdings in YY Inc (YY)
KBC Group NV boosted its holdings in shares of YY Inc (NASDAQ:YY) by 728.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,333 shares of the information services provider’s stock after acquiring an additional 309,813 shares during the quarter. KBC Group NV’s holdings in YY were worth $39,834,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of YY. Huntington National Bank boosted its stake in shares of YY by 93.6% in the 3rd quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 589 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of YY in the 3rd quarter valued at $203,000. Candriam Luxembourg S.C.A. bought a new stake in shares of YY in the 3rd quarter valued at $208,000. Boothbay Fund Management LLC bought a new stake in shares of YY in the 3rd quarter valued at $233,000. Finally, Claraphi Advisory Network LLC bought a new stake in shares of YY in the 4th quarter valued at $239,000. 56.63% of the stock is currently owned by hedge funds and other institutional investors.
YY Inc (NASDAQ:YY) opened at $117.64 on Friday. YY Inc has a 1 year low of $41.68 and a 1 year high of $142.97. The stock has a market cap of $7,011.94, a price-to-earnings ratio of 18.98, a P/E/G ratio of 0.70 and a beta of 1.38.
YY has been the topic of a number of analyst reports. Jefferies Group raised shares of YY from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, November 15th. Instinet raised shares of YY from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Vetr raised shares of YY from a “hold” rating to a “buy” rating and set a $118.46 price objective on the stock in a research note on Monday, January 1st. Zacks Investment Research lowered shares of YY from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, JPMorgan Chase & Co. raised shares of YY from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $140.00 in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. YY presently has an average rating of “Buy” and an average price target of $97.41.
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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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