Trading Report: The Quantitative Systematic Strategies LLC Invests $689,000 in YY Inc. (YY)

The Quantitative Systematic Strategies LLC Invests $689,000 in YY Inc. (YY)

Quantitative Systematic Strategies LLC bought a new stake in shares of YY Inc. (NASDAQ:YY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,197 shares of the company’s stock, valued at approximately $689,000.

Several other institutional investors have also recently added to or reduced their stakes in YY. Seven Eight Capital LLC boosted its stake in shares of YY by 44.9% in the first quarter. Seven Eight Capital LLC now owns 1,965 shares of the company’s stock worth $121,000 after buying an additional 609 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of YY during the second quarter worth about $191,000. British Columbia Investment Management Corp acquired a new stake in shares of YY during the second quarter worth about $224,000. Fox Run Management L.L.C. acquired a new stake in shares of YY during the second quarter worth about $434,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of YY during the first quarter worth about $511,000. 32.80% of the stock is owned by institutional investors and hedge funds.

YY Inc. (NASDAQ:YY) traded down 3.21% on Thursday, reaching $52.20. The company had a trading volume of 1,441,974 shares. YY Inc. has a 12-month low of $31.07 and a 12-month high of $65.53. The stock’s 50-day moving average price is $52.57 and its 200-day moving average price is $48.55. The stock has a market capitalization of $2.88 billion, a P/E ratio of 18.74 and a beta of 1.17.

YY (NASDAQ:YY) last announced its earnings results on Wednesday, August 17th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.29. YY had a return on equity of 30.67% and a net margin of 15.17%. On average, equities research analysts anticipate that YY Inc. will post $3.34 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group AG assumed coverage on shares of YY in a research report on Wednesday, September 14th. They issued an “outperform” rating and a $64.00 target price for the company. Zacks Investment Research raised shares of YY from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of YY in a research report on Wednesday, August 31st. They issued an “overweight” rating and a $62.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. YY has an average rating of “Buy” and a consensus price target of $63.25.

About YY

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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