Quantamental Technologies LLC decreased its position in YY Inc (NASDAQ:YY) by 16.3% in the second quarter, Holdings Channel reports. The firm owned 1,332 shares of the information services provider’s stock after selling 260 shares during the period. Quantamental Technologies LLC’s holdings in YY were worth $93,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Greenwoods Asset Management Ltd boosted its stake in shares of YY by 80.0% during the first quarter. Greenwoods Asset Management Ltd now owns 1,977,179 shares of the information services provider’s stock valued at $166,103,000 after purchasing an additional 878,685 shares in the last quarter. Ward Ferry Management BVI Ltd raised its stake in YY by 18.6% in the first quarter. Ward Ferry Management BVI Ltd now owns 1,222,568 shares of the information services provider’s stock worth $102,708,000 after buying an additional 192,077 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in YY during the second quarter worth $10,943,000. Victory Capital Management Inc. purchased a new stake in YY during the first quarter worth $10,536,000. Finally, Matthews International Capital Management LLC lifted its holdings in YY by 99.2% during the first quarter. Matthews International Capital Management LLC now owns 210,800 shares of the information services provider’s stock worth $17,709,000 after buying an additional 105,000 shares during the period. 64.16% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on YY. TheStreet downgraded YY from a “b-” rating to a “c+” rating in a report on Friday, August 30th. Bank of America dropped their price objective on YY from $98.00 to $83.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. BidaskClub lowered YY from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. Nomura upgraded YY from a “neutral” rating to a “buy” rating and cut their target price for the company from $81.00 to $77.00 in a research note on Wednesday, May 29th. Finally, Benchmark reiterated a “buy” rating and issued a $95.00 target price (down from $106.00) on shares of YY in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. YY has an average rating of “Buy” and a consensus price target of $90.90.
Shares of YY stock traded up $1.41 during trading hours on Wednesday, reaching $59.31. 41,516 shares of the company’s stock were exchanged, compared to its average volume of 942,384. YY Inc has a fifty-two week low of $51.00 and a fifty-two week high of $88.85. The stock’s 50 day moving average is $57.55 and its 200-day moving average is $71.01. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 1.19 and a beta of 1.21.
YY (NASDAQ:YY) last posted its quarterly earnings data on Tuesday, August 13th. The information services provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.13). YY had a return on equity of 9.71% and a net margin of 22.75%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $878.97 million. During the same period in the previous year, the business earned $2.03 EPS. The firm’s revenue for the quarter was up 60.8% compared to the same quarter last year. Equities analysts anticipate that YY Inc will post 3.4 EPS for the current year.
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; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.
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