Advisory Services Network LLC boosted its stake in YY Inc (NASDAQ:YY) by 41.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,142 shares of the information services provider’s stock after purchasing an additional 1,494 shares during the quarter. Advisory Services Network LLC’s holdings in YY were worth $581,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Huntington National Bank raised its stake in YY by 93.6% in the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 589 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in YY in the third quarter valued at about $203,000. Candriam Luxembourg S.C.A. acquired a new position in YY in the third quarter valued at about $208,000. Boothbay Fund Management LLC acquired a new position in YY in the third quarter valued at about $233,000. Finally, Claraphi Advisory Network LLC acquired a new position in YY in the fourth quarter valued at about $239,000. 59.81% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on YY. Jefferies Group upgraded YY from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, November 15th. Benchmark reiterated a “buy” rating and issued a $127.00 target price on shares of YY in a research report on Wednesday, November 15th. ValuEngine upgraded YY from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Vetr cut YY from a “buy” rating to a “sell” rating and set a $100.74 target price on the stock. in a research report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. upgraded YY from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $140.00 in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. YY presently has an average rating of “Buy” and an average price target of $122.71.
TRADEMARK VIOLATION WARNING: This report was originally posted by BBNS and is the sole property of of BBNS. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://baseballnewssource.com/2018/03/14/advisory-services-network-llc-raises-position-in-yy-inc-yy/1890263.html.
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.
Receive News & Ratings for YY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY and related companies with MarketBeat.com's FREE daily email newsletter.