Bank of Montreal Can boosted its holdings in YY Inc (NASDAQ:YY) by 16.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,718 shares of the information services provider’s stock after purchasing an additional 2,464 shares during the quarter. Bank of Montreal Can’s holdings in YY were worth $2,003,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of YY. BlackRock Inc. grew its position in shares of YY by 51.6% during the second quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock valued at $114,945,000 after purchasing an additional 674,292 shares in the last quarter. Boston Partners grew its position in shares of YY by 10.7% during the third quarter. Boston Partners now owns 1,743,607 shares of the information services provider’s stock valued at $151,310,000 after purchasing an additional 167,854 shares in the last quarter. Ward Ferry Management BVI Ltd grew its position in shares of YY by 6.3% during the third quarter. Ward Ferry Management BVI Ltd now owns 1,120,800 shares of the information services provider’s stock valued at $97,263,000 after purchasing an additional 66,800 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in shares of YY by 3.1% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 1,064,000 shares of the information services provider’s stock valued at $92,333,000 after purchasing an additional 32,000 shares in the last quarter. Finally, FMR LLC grew its position in shares of YY by 9,789.6% during the second quarter. FMR LLC now owns 662,600 shares of the information services provider’s stock valued at $38,451,000 after purchasing an additional 655,900 shares in the last quarter. Institutional investors and hedge funds own 56.63% of the company’s stock.

Shares of YY Inc (NASDAQ:YY) opened at $117.64 on Monday. The stock has a market cap of $7,420.00, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.74 and a beta of 1.38. YY Inc has a 12 month low of $42.90 and a 12 month high of $142.97.

YY (NASDAQ:YY) last announced its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.05. The business had revenue of $464.78 million during the quarter, compared to the consensus estimate of $425.44 million. YY had a net margin of 22.23% and a return on equity of 34.26%. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. equities analysts anticipate that YY Inc will post 6.09 earnings per share for the current fiscal year.

A number of research analysts recently commented on the stock. Vetr raised shares of YY from a “hold” rating to a “buy” rating and set a $148.60 price target for the company in a report on Monday, January 22nd. Nomura raised shares of YY from a “neutral” rating to a “buy” rating and increased their price target for the company from $80.00 to $161.00 in a report on Wednesday, January 17th. Instinet raised shares of YY from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Finally, BidaskClub downgraded shares of YY from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $99.91.

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About YY

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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