YY Inc (YY) Holdings Cut by Standard Life Aberdeen plc
Standard Life Aberdeen plc decreased its holdings in shares of YY Inc (NASDAQ:YY) by 36.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,182 shares of the information services provider’s stock after selling 32,957 shares during the quarter. Standard Life Aberdeen plc owned about 0.09% of YY worth $3,528,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of YY by 49.2% during the third quarter. Dimensional Fund Advisors LP now owns 576,137 shares of the information services provider’s stock worth $43,150,000 after buying an additional 189,881 shares during the period. TB Alternative Assets Ltd. boosted its holdings in YY by 294.9% in the fourth quarter. TB Alternative Assets Ltd. now owns 46,600 shares of the information services provider’s stock valued at $2,789,000 after purchasing an additional 34,800 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new position in YY in the fourth quarter valued at $627,000. Taikang Asset Management Hong Kong Co Ltd purchased a new position in YY in the fourth quarter valued at $4,873,000. Finally, MARSHALL WACE ASIA Ltd purchased a new position in YY in the third quarter valued at $1,701,000. 59.71% of the stock is owned by institutional investors.
A number of research firms recently issued reports on YY. BidaskClub upgraded YY from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered YY from a “strong-buy” rating to a “sell” rating in a report on Saturday, March 9th. 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 $100.00 in a report on Wednesday, March 6th. Finally, TheStreet upgraded YY from a “c+” rating to a “b-” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $97.80.
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YY, Inc engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others.
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