Caxton Associates LP reduced its holdings in YY Inc (NASDAQ:YY) by 22.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,100 shares of the information services provider’s stock after selling 1,200 shares during the quarter. Caxton Associates LP’s holdings in YY were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Andra AP fonden increased its position in shares of YY by 89.9% during the 3rd quarter. Andra AP fonden now owns 74,254 shares of the information services provider’s stock valued at $6,444,000 after purchasing an additional 35,154 shares during the last quarter. Prudential Financial Inc. increased its position in shares of YY by 286.8% during the 2nd quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock valued at $42,017,000 after purchasing an additional 536,850 shares during the last quarter. Morgan Stanley increased its position in shares of YY by 245.7% during the 1st quarter. Morgan Stanley now owns 39,544 shares of the information services provider’s stock valued at $1,824,000 after purchasing an additional 28,104 shares during the last quarter. Hillhouse Capital Management Ltd. increased its position in shares of YY by 3.4% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 355,057 shares of the information services provider’s stock valued at $20,604,000 after purchasing an additional 11,700 shares during the last quarter. Finally, Todd Asset Management LLC bought a new position in shares of YY during the 2nd quarter valued at about $6,043,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Shares of YY Inc (NASDAQ:YY) opened at $108.27 on Friday. YY Inc has a fifty-two week low of $37.81 and a fifty-two week high of $123.48. The firm has a market capitalization of $6,701.78, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20.

YY (NASDAQ:YY) last released its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.05. YY had a return on equity of 34.26% and a net margin of 22.23%. The business had revenue of $464.78 million during the quarter, compared to analysts’ expectations of $425.44 million. During the same quarter last year, the business posted $1.08 EPS. The business’s revenue was up 53.4% on a year-over-year basis. analysts expect that YY Inc will post 5.76 earnings per share for the current year.

Several brokerages recently weighed in on YY. Goldman Sachs Group began coverage on YY in a report on Wednesday, August 30th. They set a “buy” rating and a $101.00 target price for the company. J P Morgan Chase & Co upgraded YY from a “neutral” rating to an “overweight” rating and increased their target price for the company from $70.00 to $140.00 in a report on Thursday, November 16th. BidaskClub cut YY from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Jefferies Group upgraded YY from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, November 15th. Finally, Vetr cut YY from a “buy” rating to a “sell” rating and set a $100.74 target price for the company. in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. YY has an average rating of “Buy” and a consensus price target of $85.63.

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About YY

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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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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