TB Alternative Assets Ltd. lifted its stake in shares of YY Inc (NASDAQ:YY) by 226.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 315,071 shares of the information services provider’s stock after acquiring an additional 218,671 shares during the period. YY accounts for about 2.6% of TB Alternative Assets Ltd.’s portfolio, making the stock its 13th largest position. TB Alternative Assets Ltd. owned approximately 0.39% of YY worth $17,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. lifted its position in shares of YY by 25.8% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,535 shares of the information services provider’s stock valued at $107,000 after acquiring an additional 315 shares during the period. Nordea Investment Management AB lifted its position in shares of YY by 12.0% during the 1st quarter. Nordea Investment Management AB now owns 21,425 shares of the information services provider’s stock valued at $1,800,000 after acquiring an additional 2,288 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of YY by 73.3% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 336,951 shares of the information services provider’s stock valued at $23,482,000 after acquiring an additional 142,549 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of YY by 8.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,057 shares of the information services provider’s stock valued at $1,467,000 after acquiring an additional 1,663 shares during the period. Finally, Fiera Capital Corp lifted its position in shares of YY by 33.5% during the 2nd quarter. Fiera Capital Corp now owns 255,140 shares of the information services provider’s stock valued at $17,781,000 after acquiring an additional 64,094 shares during the period. Institutional investors own 50.36% of the company’s stock.

YY has been the topic of a number of research reports. Bank of America dropped their target price on shares of YY from $98.00 to $83.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Zacks Investment Research upgraded shares of YY from a “strong sell” rating to a “hold” rating in a research report on Saturday, September 28th. BidaskClub downgraded shares of YY from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. ValuEngine upgraded shares of YY from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group initiated coverage on shares of YY in a research note on Monday, August 5th. They set a “buy” rating and a $76.10 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. YY currently has an average rating of “Buy” and an average price target of $86.64.

YY stock traded down $0.22 during midday trading on Thursday, reaching $59.42. 14,358 shares of the company’s stock traded hands, compared to its average volume of 879,296. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 1.21 and a beta of 1.18. The firm’s fifty day moving average price is $58.12 and its 200-day moving average price is $67.69. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.13. YY Inc has a 52 week low of $51.00 and a 52 week high of $88.85.

YY (NASDAQ:YY) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.13). The business had revenue of $917.00 million for the quarter, compared to the consensus estimate of $878.97 million. YY had a net margin of 22.75% and a return on equity of 9.71%. The business’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 EPS. Analysts forecast that YY Inc will post 3.3 earnings per share 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; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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