67,304 Shares in YY Inc (NASDAQ:YY) Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC purchased a new position in YY Inc (NASDAQ:YY) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 67,304 shares of the information services provider’s stock, valued at approximately $4,690,000. Nuveen Asset Management LLC owned about 0.11% of YY at the end of the most recent quarter.

Several other large investors also recently modified their holdings of YY. Morgan Stanley boosted its holdings in YY by 20.8% in the second quarter. Morgan Stanley now owns 3,671,593 shares of the information services provider’s stock worth $255,874,000 after purchasing an additional 631,243 shares during the period. Invesco Ltd. boosted its holdings in YY by 2.8% in the second quarter. Invesco Ltd. now owns 2,136,237 shares of the information services provider’s stock worth $148,874,000 after purchasing an additional 57,612 shares during the period. Vanguard Group Inc. boosted its holdings in YY by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,550,966 shares of the information services provider’s stock worth $108,087,000 after purchasing an additional 22,863 shares during the period. Renaissance Technologies LLC boosted its holdings in YY by 78.1% in the second quarter. Renaissance Technologies LLC now owns 512,600 shares of the information services provider’s stock worth $35,723,000 after purchasing an additional 224,800 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in YY by 25.1% in the second quarter. APG Asset Management N.V. now owns 393,100 shares of the information services provider’s stock worth $24,056,000 after purchasing an additional 78,900 shares during the period. Institutional investors and hedge funds own 50.36% of the company’s stock.

A number of equities analysts have commented on YY shares. ValuEngine downgraded shares of YY from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet downgraded shares of YY from a “b-” rating to a “c+” rating in a report on Friday, August 30th. Jefferies Financial Group started coverage on shares of YY in a report on Monday, August 5th. They issued a “buy” rating and a $76.10 price objective for the company. BidaskClub raised shares of YY from a “sell” rating to a “hold” rating in a report on Friday. Finally, Zacks Investment Research raised shares of YY from a “strong sell” rating to a “hold” rating in a report on Saturday, September 28th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $86.64.

Shares of YY opened at $57.63 on Friday. YY Inc has a 1 year low of $51.00 and a 1 year high of $88.85. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.29 and a current ratio of 4.29. The firm has a fifty day moving average of $58.27 and a 200-day moving average of $67.43.

YY (NASDAQ:YY) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.13). YY had a net margin of 22.75% and a return on equity of 9.71%. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $878.97 million. During the same period last year, the firm posted $2.03 EPS. The business’s revenue was up 60.8% compared to the same quarter last year. Analysts predict that YY Inc will post 3.3 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; 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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