River & Mercantile Asset Management LLP acquired a new stake in shares of YY Inc. (NASDAQ:YY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 48,792 shares of the information services provider’s stock, valued at approximately $2,832,000. River & Mercantile Asset Management LLP owned about 0.09% of YY at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in YY by 7.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock valued at $167,000 after buying an additional 200 shares during the period. Aviva PLC increased its stake in shares of YY by 3.8% in the second quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock valued at $319,000 after buying an additional 200 shares in the last quarter. Legal & General Group Plc increased its stake in shares of YY by 1.9% in the first quarter. Legal & General Group Plc now owns 57,621 shares of the information services provider’s stock valued at $2,657,000 after buying an additional 1,100 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of YY by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 78,289 shares of the information services provider’s stock valued at $3,610,000 after buying an additional 1,305 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of YY by 19.0% in the first quarter. Penserra Capital Management LLC now owns 11,012 shares of the information services provider’s stock valued at $507,000 after buying an additional 1,762 shares in the last quarter. 54.68% of the stock is currently owned by institutional investors.

YY Inc. (YY) opened at 72.29 on Monday. YY Inc. has a 52 week low of $37.81 and a 52 week high of $83.00.

YY (NASDAQ:YY) last announced its quarterly earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.19. The company had revenue of $384.85 million for the quarter, compared to analyst estimates of $366.35 million. YY had a net margin of 22.08% and a return on equity of 39.07%. The firm’s revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. On average, analysts predict that YY Inc. will post $6.09 earnings per share for the current fiscal year.

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Several analysts have recently weighed in on the company. Jefferies Group LLC restated a “hold” rating and set a $79.00 target price on shares of YY in a research note on Wednesday, August 16th. Zacks Investment Research downgraded YY from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. Citigroup Inc. raised their target price on YY to $100.00 and gave the company a “buy” rating in a research note on Friday, August 11th. CICC Research downgraded YY to a “hold” rating and set a $60.00 target price for the company. in a research note on Thursday, May 11th. Finally, BidaskClub upgraded YY from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $68.03.

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.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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