Teachers Retirement System of The State of Kentucky bought a new stake in shares of YY Inc. (NASDAQ:YY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 70,000 shares of the information services provider’s stock, valued at approximately $4,062,000. Teachers Retirement System of The State of Kentucky owned 0.13% of YY as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of YY by 7.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock valued at $167,000 after acquiring an additional 200 shares during the period. Aviva PLC lifted its position in shares of YY by 3.8% during the 2nd quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock valued at $319,000 after acquiring an additional 200 shares during the period. D.A. Davidson & CO. lifted its position in shares of YY by 17.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 400 shares during the period. Wells Fargo & Company MN lifted its position in shares of YY by 7.0% during the 2nd quarter. Wells Fargo & Company MN now owns 9,127 shares of the information services provider’s stock valued at $529,000 after acquiring an additional 597 shares during the period. Finally, Renaissance Group LLC lifted its position in shares of YY by 8.5% during the 2nd quarter. Renaissance Group LLC now owns 9,048 shares of the information services provider’s stock valued at $525,000 after acquiring an additional 708 shares during the period. Hedge funds and other institutional investors own 54.67% of the company’s stock.

YY has been the subject of several recent analyst reports. Vetr upgraded YY from a “hold” rating to a “buy” rating and set a $85.06 price objective for the company in a research report on Tuesday. BidaskClub upgraded YY from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. ValuEngine upgraded YY from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) initiated coverage on YY in a research report on Wednesday, August 30th. They set a “buy” rating and a $101.00 price objective for the company. Finally, Zacks Investment Research upgraded YY from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $72.07.

YY Inc. (NASDAQ:YY) opened at 86.7800 on Friday. YY Inc. has a 52-week low of $37.81 and a 52-week high of $89.37.

YY (NASDAQ:YY) last released its earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.19. YY had a return on equity of 39.07% and a net margin of 22.08%. The company had revenue of $384.85 million during the quarter, compared to analyst estimates of $366.35 million. During the same quarter in the previous year, the company posted $0.90 EPS. YY’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, analysts forecast that YY Inc. will post $6.15 earnings per share for the current fiscal year.

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YY Profile

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.

Institutional Ownership by Quarter for YY (NASDAQ:YY)

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