Folger Hill Asset Management LP bought a new stake in YY Inc (NASDAQ:YY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,058 shares of the information services provider’s stock, valued at approximately $346,000.
A number of other large investors have also made changes to their positions in the stock. Financial Gravity Companies Inc. bought a new stake in shares of YY in the 4th quarter worth approximately $174,000. Cetera Advisor Networks LLC bought a new position in YY in the 3rd quarter valued at approximately $203,000. Candriam Luxembourg S.C.A. bought a new position in YY in the 3rd quarter valued at approximately $208,000. Cornerstone Wealth Management LLC bought a new position in YY in the 4th quarter valued at approximately $221,000. Finally, Liberty Mutual Group Asset Management Inc. bought a new position in YY in the 4th quarter valued at approximately $221,000. Institutional investors own 59.81% of the company’s stock.
Shares of YY Inc (NASDAQ:YY) traded up $0.65 during trading hours on Friday, hitting $117.69. 1,839,709 shares of the stock were exchanged, compared to its average volume of 2,132,132. The stock has a market capitalization of $7,433.30, a price-to-earnings ratio of 19.11, a PEG ratio of 0.71 and a beta of 1.38. YY Inc has a fifty-two week low of $42.90 and a fifty-two week high of $142.97.
YY has been the topic of several research analyst reports. Vetr raised YY from a “sell” rating to a “hold” rating and set a $117.57 price target on the stock in a report on Monday, November 27th. BidaskClub lowered YY from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. ValuEngine lowered YY from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Finally, UBS initiated coverage on YY in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $135.00 price target for the company. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. YY has an average rating of “Buy” and a consensus target price of $122.71.
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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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