Harel Insurance Investments & Financial Services Ltd. bought a new stake in YY Inc (NASDAQ:YY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,275 shares of the information services provider’s stock, valued at approximately $256,000.
A number of other large investors also recently added to or reduced their stakes in the business. Ruffer LLP acquired a new stake in YY during the 3rd quarter worth approximately $4,682,000. Dimensional Fund Advisors LP increased its stake in YY by 49.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 576,137 shares of the information services provider’s stock worth $43,150,000 after acquiring an additional 189,881 shares during the period. FMR LLC increased its stake in YY by 25.3% during the 2nd quarter. FMR LLC now owns 883,931 shares of the information services provider’s stock worth $88,808,000 after acquiring an additional 178,670 shares during the period. Raymond James & Associates increased its stake in YY by 9.2% during the 2nd quarter. Raymond James & Associates now owns 27,399 shares of the information services provider’s stock worth $2,753,000 after acquiring an additional 2,312 shares during the period. Finally, TB Alternative Assets Ltd. increased its stake in YY by 294.9% during the 4th quarter. TB Alternative Assets Ltd. now owns 46,600 shares of the information services provider’s stock worth $2,789,000 after acquiring an additional 34,800 shares during the period. 56.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:YY opened at $69.82 on Thursday. YY Inc has a 1 year low of $55.55 and a 1 year high of $140.39. The stock has a market capitalization of $4.44 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.36 and a beta of 1.27.
Several equities analysts have recently issued reports on the company. Benchmark decreased their price target on YY to $106.00 and set a “buy” rating on the stock in a research note on Tuesday, November 13th. Goldman Sachs Group upgraded YY from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $117.00 to $108.00 in a research report on Thursday, December 6th. UBS Group lowered YY from a “buy” rating to a “neutral” rating and set a $77.00 price objective on the stock. in a research report on Wednesday, January 23rd. ValuEngine lowered YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research raised YY from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. YY currently has a consensus rating of “Buy” and an average price target of $102.91.
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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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