River & Mercantile Asset Management LLP Increases Stake in YY Inc (YY)

River & Mercantile Asset Management LLP grew its stake in shares of YY Inc (NASDAQ:YY) by 263.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,600 shares of the information services provider’s stock after purchasing an additional 51,200 shares during the period. River & Mercantile Asset Management LLP’s holdings in YY were worth $5,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in YY. Nomura Holdings Inc. increased its position in shares of YY by 10.2% during the second quarter. Nomura Holdings Inc. now owns 9,643 shares of the information services provider’s stock worth $969,000 after acquiring an additional 895 shares in the last quarter. Platinum Investment Management Ltd. bought a new stake in shares of YY during the second quarter worth about $53,436,000. Ruffer LLP bought a new stake in shares of YY during the third quarter worth about $4,682,000. Massachusetts Financial Services Co. MA increased its position in shares of YY by 48.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 21,231 shares of the information services provider’s stock worth $2,133,000 after acquiring an additional 6,930 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of YY by 9.2% during the second quarter. Raymond James & Associates now owns 27,399 shares of the information services provider’s stock worth $2,753,000 after acquiring an additional 2,312 shares in the last quarter. Hedge funds and other institutional investors own 57.45% of the company’s stock.

Shares of YY stock opened at $62.66 on Friday. YY Inc has a 52-week low of $56.65 and a 52-week high of $142.97. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 0.43 and a beta of 0.89.

YY (NASDAQ:YY) last issued its quarterly earnings data on Monday, November 12th. The information services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.03. YY had a net margin of 14.07% and a return on equity of 19.64%. The business had revenue of $597.00 million during the quarter, compared to the consensus estimate of $577.38 million. During the same period in the prior year, the firm posted $1.59 EPS. On average, equities analysts predict that YY Inc will post 6.57 earnings per share for the current fiscal year.

Several research firms have recently commented on YY. Jefferies Financial Group reissued a “buy” rating and set a $110.00 target price on shares of YY in a research report on Wednesday, August 15th. CLSA set a $125.00 target price on shares of YY and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Zacks Investment Research downgraded shares of YY from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. BidaskClub raised shares of YY from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, ValuEngine downgraded shares of YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $119.99.

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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.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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