YY Inc (YY) Stake Increased by Nomura Holdings Inc.
Nomura Holdings Inc. raised its position in shares of YY Inc (NASDAQ:YY) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,643 shares of the information services provider’s stock after buying an additional 895 shares during the period. Nomura Holdings Inc.’s holdings in YY were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cascade Investment Advisors Inc. bought a new stake in shares of YY during the second quarter valued at approximately $166,000. Crossmark Global Holdings Inc. bought a new stake in shares of YY during the second quarter valued at approximately $212,000. Stevens Capital Management LP bought a new stake in shares of YY during the second quarter valued at approximately $212,000. Morse Asset Management Inc bought a new stake in shares of YY during the second quarter valued at approximately $264,000. Finally, Natixis bought a new stake in shares of YY during the first quarter valued at approximately $271,000. 61.30% of the stock is owned by institutional investors.
A number of brokerages have issued reports on YY. ValuEngine raised shares of YY from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. Zacks Investment Research cut shares of YY from a “hold” rating to a “sell” rating in a research note on Thursday, June 14th. BidaskClub raised shares of YY from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. UBS Group reduced their price objective on shares of YY from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, June 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of YY from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, June 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $137.19.
YY (NASDAQ:YY) last announced its quarterly earnings data on Monday, August 13th. The information services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $544.76 million. YY had a net margin of 14.99% and a return on equity of 22.08%. The business’s revenue for the quarter was up 48.1% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. equities research analysts predict that YY Inc will post 6.95 EPS for the current year.
YY Company Profile
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; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.
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