Zurcher Kantonalbank Zurich Cantonalbank increased its stake in YY Inc. (NASDAQ:YY) by 20.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,544 shares of the information services provider’s stock after buying an additional 15,679 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.17% of YY worth $5,428,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in YY. Advisors Preferred LLC bought a new stake in shares of YY during the second quarter valued at 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 valued at $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 valued at about $206,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of YY during the first quarter valued at about $277,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of YY during the first quarter valued at about $280,000. 54.68% of the stock is currently owned by institutional investors and hedge funds.

YY Inc. (YY) opened at 74.35 on Friday. The stock’s 50 day moving average price is $72.47 and its 200-day moving average price is $56.79. The stock has a market cap of $4.17 billion, a P/E ratio of 14.00 and a beta of 1.15. YY Inc. has a one year low of $37.81 and a one year high of $83.00.

YY (NASDAQ:YY) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.19. YY had a net margin of 22.08% and a return on equity of 39.07%. The business had revenue of $384.85 million during the quarter, compared to analysts’ expectations of $366.35 million. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. On average, analysts predict that YY Inc. will post $6.14 earnings per share for the current year.

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YY has been the topic of several recent analyst reports. BOCOM International Holdings initiated coverage on YY in a research note on Monday, May 8th. They set a “buy” rating and a $64.00 target price on the stock. Vetr downgraded YY from a “strong-buy” rating to a “buy” rating and set a $57.51 target price on the stock. in a research note on Monday, May 8th. BidaskClub downgraded YY from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Bank of America Corporation reaffirmed a “buy” rating and set a $66.00 target price on shares of YY in a research note on Tuesday, July 4th. Finally, ValuEngine downgraded YY from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $69.97.

YY Company 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.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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