YY Inc (NASDAQ:YY) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its position in shares of YY Inc (NASDAQ:YY) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,067 shares of the information services provider’s stock after acquiring an additional 1,252 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in YY were worth $1,615,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in YY. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in YY during the 1st quarter valued at $168,000. Natixis bought a new position in shares of YY in the first quarter worth $271,000. LPL Financial LLC bought a new position in shares of YY in the fourth quarter worth $320,000. SignalPoint Asset Management LLC bought a new position in shares of YY in the second quarter worth $329,000. Finally, ING Groep NV bought a new position in shares of YY in the first quarter worth $336,000. 61.29% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on YY. Jefferies Financial Group restated a “buy” rating and issued a $110.00 price target on shares of YY in a research report on Wednesday, August 15th. ValuEngine raised YY from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Zacks Investment Research raised YY from a “sell” rating to a “strong-buy” rating and set a $131.00 price objective on the stock in a research note on Friday, June 15th. BidaskClub lowered YY from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Finally, Benchmark reissued a “buy” rating and set a $140.00 price target (down from $168.00) on shares of YY in a research note on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $137.19.

YY stock traded up $0.57 during mid-day trading on Friday, reaching $76.43. The company’s stock had a trading volume of 897,100 shares, compared to its average volume of 1,597,049. The company has a market cap of $4.88 billion, a P/E ratio of 11.97, a PEG ratio of 0.49 and a beta of 0.95. YY Inc has a 12 month low of $68.44 and a 12 month high of $142.97.

YY (NASDAQ:YY) last released its quarterly earnings data on Monday, August 13th. The information services provider reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.22. The firm had revenue of $570.20 million during the quarter, compared to the consensus estimate of $544.76 million. YY had a return on equity of 22.08% and a net margin of 14.99%. The company’s quarterly revenue was up 48.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 earnings per share. research analysts predict that YY Inc will post 6.95 EPS for the current year.

YY 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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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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