YY Inc (NASDAQ:YY) Shares Purchased by Segantii Capital Management Ltd

Segantii Capital Management Ltd boosted its stake in YY Inc (NASDAQ:YY) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,604 shares of the information services provider’s stock after acquiring an additional 1,372 shares during the period. Segantii Capital Management Ltd’s holdings in YY were worth $669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in YY by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 69,780 shares of the information services provider’s stock worth $4,177,000 after acquiring an additional 5,150 shares in the last quarter. Advisor Group Inc. grew its position in YY by 56.1% in the fourth quarter. Advisor Group Inc. now owns 1,269 shares of the information services provider’s stock worth $75,000 after acquiring an additional 456 shares in the last quarter. Dimensional Fund Advisors LP grew its position in YY by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 607,581 shares of the information services provider’s stock worth $36,390,000 after acquiring an additional 31,444 shares in the last quarter. Bank of America Corp DE grew its position in YY by 47.3% in the fourth quarter. Bank of America Corp DE now owns 249,176 shares of the information services provider’s stock worth $14,916,000 after acquiring an additional 80,014 shares in the last quarter. Finally, Millennium Management LLC grew its position in YY by 87.9% in the fourth quarter. Millennium Management LLC now owns 44,692 shares of the information services provider’s stock worth $2,675,000 after acquiring an additional 20,906 shares in the last quarter. 60.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:YY traded down $0.42 during trading hours on Friday, hitting $60.44. 1,008,251 shares of the company’s stock traded hands, compared to its average volume of 881,404. YY Inc has a 1 year low of $55.55 and a 1 year high of $92.00. The firm has a fifty day simple moving average of $68.51. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.83 and a beta of 1.21. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01.

YY (NASDAQ:YY) last announced its earnings results on Tuesday, May 28th. The information services provider reported $1.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.07). YY had a net margin of 24.06% and a return on equity of 12.91%. The business had revenue of $705.30 million for the quarter, compared to analysts’ expectations of $625.37 million. During the same quarter last year, the firm earned $1.72 EPS. The firm’s quarterly revenue was up 36.2% on a year-over-year basis. On average, analysts predict that YY Inc will post 5.42 EPS for the current year.

Several research analysts recently commented on YY shares. ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub lowered YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 23rd. Zacks Investment Research upgraded YY from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. Tigress Financial reiterated a “buy” rating on shares of YY in a research report on Friday, April 5th. Finally, Nomura upgraded YY from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $81.00 to $77.00 in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. YY currently has an average rating of “Buy” and an average price target of $92.78.

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; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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