Thomas White International Ltd. Buys 16,233 Shares of YY Inc. (YY)
Thomas White International Ltd. increased its position in YY Inc. (NASDAQ:YY) by 43.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,364 shares of the information services provider’s stock after buying an additional 16,233 shares during the period. Thomas White International Ltd. owned 0.10% of YY worth $3,097,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Advisors Preferred LLC bought a new stake in shares of YY during the second quarter worth about $145,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of YY by 7.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after buying an additional 200 shares during the period. Smith Asset Management Group LP bought a new stake in shares of YY during the first quarter worth about $206,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of YY during the first quarter worth about $277,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of YY during the first quarter worth about $280,000. 54.68% of the stock is owned by institutional investors and hedge funds.
Shares of YY Inc. (YY) traded up 2.70% during trading on Thursday, reaching $73.01. The company had a trading volume of 1,104,047 shares. YY Inc. has a 52 week low of $37.81 and a 52 week high of $83.00.
YY (NASDAQ:YY) last announced its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.19. YY had a return on equity of 39.07% and a net margin of 22.08%. The business had revenue of $384.85 million during the quarter, compared to analyst estimates of $366.35 million. During the same period last year, the company earned $0.90 earnings per share. YY’s quarterly revenue was up 28.9% compared to the same quarter last year. Equities analysts forecast that YY Inc. will post $6.14 EPS for the current year.
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A number of analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $56.00 target price (up from $46.00) on shares of YY in a research note on Sunday, May 14th. Citigroup Inc. raised their target price on YY to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. BidaskClub upgraded YY from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 20th. ValuEngine cut YY from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Finally, Goldman Sachs Group Inc began coverage on YY in a report on Wednesday. They set a “buy” rating and a $101.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.97.
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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