BNP Paribas Arbitrage SA Grows Stake in YY Inc. (YY)

BNP Paribas Arbitrage SA lifted its stake in shares of YY Inc. (NASDAQ:YY) by 60.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,634 shares of the information services provider’s stock after purchasing an additional 56,262 shares during the period. BNP Paribas Arbitrage SA owned about 0.27% of YY worth $12,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in YY. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in YY by 7.5% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after acquiring an additional 200 shares during the last quarter. Aviva PLC boosted its position in YY by 3.8% during the second quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock worth $319,000 after acquiring an additional 200 shares during the last quarter. D.A. Davidson & CO. boosted its position in YY by 17.4% during the second quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after acquiring an additional 400 shares during the last quarter. Huntington National Bank boosted its position in YY by 93.6% during the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock worth $106,000 after acquiring an additional 589 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in YY by 7.0% during the second quarter. Wells Fargo & Company MN now owns 9,127 shares of the information services provider’s stock worth $529,000 after acquiring an additional 597 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

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YY Inc. (YY) opened at $89.55 on Tuesday. YY Inc. has a twelve month low of $37.81 and a twelve month high of $97.59. The stock has a market cap of $4,983.29, a price-to-earnings ratio of 16.77, a PEG ratio of 0.97 and a beta of 1.17.

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

Several equities analysts have weighed in on the stock. BidaskClub lowered shares of YY from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Vetr upgraded shares of YY from a “sell” rating to a “hold” rating and set a $94.08 target price on the stock in a report on Monday, October 23rd. Zacks Investment Research lowered shares of YY from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine lowered shares of YY from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Bank of America Corporation boosted their target price on shares of YY from $89.00 to $101.00 and gave the company a “buy” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $74.82.

YY 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.

Institutional Ownership by Quarter for YY (NASDAQ:YY)

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