YY Inc (YY) Position Reduced by Boston Partners

Boston Partners reduced its position in shares of YY Inc (NASDAQ:YY) by 5.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 940,459 shares of the information services provider’s stock after selling 51,100 shares during the quarter. Boston Partners’ holdings in YY were worth $56,296,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ayalon Holdings Ltd. purchased a new stake in shares of YY in the fourth quarter valued at $50,000. Atlas Capital Advisors LLC purchased a new stake in YY during the fourth quarter valued at about $55,000. We Are One Seven LLC acquired a new position in shares of YY during the fourth quarter worth about $98,000. First Hawaiian Bank acquired a new position in shares of YY during the third quarter worth about $151,000. Finally, United Services Automobile Association acquired a new position in shares of YY during the second quarter worth about $223,000. 54.06% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. BidaskClub cut YY from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. ValuEngine lowered YY from a “sell” rating to a “strong sell” rating in a report on Friday, January 4th. JPMorgan Chase & Co. lowered YY from an “overweight” rating to a “neutral” rating and set a $68.05 price objective for the company. in a report on Tuesday, November 27th. Goldman Sachs Group upgraded YY from a “neutral” rating to a “buy” rating and cut their target price for the stock from $117.00 to $108.00 in a research report on Thursday, December 6th. Finally, Benchmark cut their target price on YY to $106.00 and set a “buy” rating for the company in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. YY currently has a consensus rating of “Buy” and a consensus price target of $99.45.

YY opened at $70.89 on Friday. YY Inc has a 52 week low of $55.55 and a 52 week high of $140.39. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27.

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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.

See Also: Net Income

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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