44,404 Shares in YY Inc. (YY) Purchased by Dupont Capital Management Corp

Dupont Capital Management Corp acquired a new position in YY Inc. (NASDAQ:YY) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 44,404 shares of the information services provider’s stock, valued at approximately $3,853,000. Dupont Capital Management Corp owned approximately 0.08% of YY as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of YY. BlackRock Inc. raised 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 worth $114,945,000 after purchasing an additional 674,292 shares during the period. Boston Partners raised its position in shares of YY by 19.7% during the second quarter. Boston Partners now owns 1,575,753 shares of the information services provider’s stock worth $91,441,000 after purchasing an additional 258,815 shares during the period. Acadian Asset Management LLC raised its position in shares of YY by 96.4% during the second quarter. Acadian Asset Management LLC now owns 1,358,113 shares of the information services provider’s stock worth $78,808,000 after purchasing an additional 666,481 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in shares of YY by 60.2% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 1,032,000 shares of the information services provider’s stock worth $59,886,000 after purchasing an additional 388,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of YY by 40.0% during the second quarter. Goldman Sachs Group Inc. now owns 816,087 shares of the information services provider’s stock worth $47,358,000 after purchasing an additional 232,996 shares during the period. 56.53% of the stock is currently owned by institutional investors.

YY Inc. (NASDAQ:YY) opened at $90.51 on Monday. YY Inc. has a 12-month low of $37.81 and a 12-month high of $97.59. The firm has a market capitalization of $5,073.54, a PE ratio of 17.08, a P/E/G ratio of 0.98 and a beta of 1.17.

YY (NASDAQ:YY) last posted its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.19. YY had a return on equity of 39.07% and a net margin of 22.08%. The business had revenue of $384.85 million during the quarter, compared to analysts’ expectations of $366.35 million. During the same quarter in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 28.9% compared to the same quarter last year. equities research analysts anticipate that YY Inc. will post 5.76 earnings per share for the current year.

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YY has been the topic of several recent analyst reports. BidaskClub raised YY from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 9th. Citigroup Inc. upped their price target on YY to $100.00 and gave the company a “buy” rating in a research report on Friday, August 11th. ValuEngine raised YY from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Vetr raised YY from a “sell” rating to a “hold” rating and set a $94.08 price target on the stock in a research report on Monday, October 23rd. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on YY in a research report on Wednesday, August 30th. They set a “buy” rating and a $101.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $74.82.

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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