Bailard Inc. Trims Position in YY Inc (YY)

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Bailard Inc. reduced its position in YY Inc (NASDAQ:YY) by 50.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,000 shares of the information services provider’s stock after selling 9,000 shares during the quarter. Bailard Inc.’s holdings in YY were worth $674,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of YY. FMR LLC lifted its position in YY by 93.2% in the third quarter. FMR LLC now owns 1,707,427 shares of the information services provider’s stock worth $127,920,000 after purchasing an additional 823,496 shares during the period. Platinum Investment Management Ltd. bought a new position in YY in the second quarter worth $53,436,000. Sylebra HK Co Ltd bought a new position in YY in the second quarter worth $42,238,000. Hillhouse Capital Management Ltd. lifted its position in YY by 74.9% in the second quarter. Hillhouse Capital Management Ltd. now owns 942,575 shares of the information services provider’s stock worth $94,701,000 after purchasing an additional 403,669 shares during the period. Finally, Bank of Montreal Can lifted its position in YY by 704.0% in the third quarter. Bank of Montreal Can now owns 251,828 shares of the information services provider’s stock worth $18,867,000 after purchasing an additional 220,506 shares during the period. 57.45% of the stock is owned by hedge funds and other institutional investors.

YY has been the subject of several research reports. Benchmark reissued a “buy” rating and set a $140.00 price objective (down from $168.00) on shares of YY in a report on Tuesday, August 14th. ValuEngine cut YY from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 14th. BidaskClub raised YY from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Jefferies Financial Group reissued a “buy” rating and set a $110.00 price objective on shares of YY in a report on Wednesday, August 15th. Finally, CLSA set a $125.00 price objective on YY and gave the company a “buy” rating in a report on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $119.99.

Shares of NASDAQ YY opened at $62.66 on Friday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 0.44 and a beta of 0.89. YY Inc has a 52-week low of $56.65 and a 52-week high of $142.97.

YY (NASDAQ:YY) last issued its quarterly earnings data on Monday, November 12th. The information services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.03. The company had revenue of $597.00 million during the quarter, compared to analysts’ expectations of $577.38 million. YY had a return on equity of 19.64% and a net margin of 14.07%. During the same period last year, the business earned $1.59 earnings per share. On average, equities research analysts anticipate that YY Inc will post 6.57 EPS for the current year.

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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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