Today, Bank of Montreal Can decides to keep it stake in YY Inc. (YY) to the level of $268,000

Today, Bank of Montreal Can decides to keep it stake in YY Inc. (YY) to the level of $268,000

Bank of Montreal Can decreased its position in YY Inc. (NASDAQ:YY) by 10.9% during the third quarter, Holdings Channel reports. The firm owned 5,025 shares of the company’s stock after selling 613 shares during the period. Bank of Montreal Can’s holdings in YY were worth $268,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. 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 period. Teacher Retirement System of Texas boosted its stake in shares of YY by 89.6% in the second quarter. Teacher Retirement System of Texas now owns 4,277 shares of the company’s stock worth $145,000 after buying an additional 2,021 shares during the period. British Columbia Investment Management Corp bought a new stake in shares of YY during the second quarter worth $224,000. Raymond James & Associates bought a new stake in shares of YY during the second quarter worth $246,000. Finally, Granite Point Capital Management L.P. bought a new stake in shares of YY during the second quarter worth $339,000. Hedge funds and other institutional investors own 34.99% of the company’s stock.

Shares of YY Inc. (NASDAQ:YY) traded down 0.78% on Friday, hitting $46.84. The stock had a trading volume of 548,565 shares. YY Inc. has a 12-month low of $31.07 and a 12-month high of $65.53. The stock has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.

YY has been the subject of a number of research analyst reports. HSBC initiated coverage on YY in a research note on Monday, October 31st. They issued a “buy” rating and a $61.00 price target for the company. Zacks Investment Research raised YY from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. Credit Suisse Group AG started coverage on YY in a report on Wednesday, September 14th. They issued an “outperform” rating and a $64.00 price objective on the stock. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of YY in a report on Wednesday, October 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.33.

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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