PNC Financial Services Group Inc. Sells 2,612 Shares of YY Inc (YY)

PNC Financial Services Group Inc. cut its holdings in shares of YY Inc (NASDAQ:YY) by 82.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 566 shares of the information services provider’s stock after selling 2,612 shares during the quarter. PNC Financial Services Group Inc.’s holdings in YY were worth $35,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in shares of YY by 93.2% during the 3rd quarter. FMR LLC now owns 1,707,427 shares of the information services provider’s stock worth $127,920,000 after purchasing an additional 823,496 shares during the period. Capital Research Global Investors grew its stake in shares of YY by 164.7% during the 3rd quarter. Capital Research Global Investors now owns 555,845 shares of the information services provider’s stock worth $41,644,000 after purchasing an additional 345,845 shares during the period. BlackRock Inc. grew its stake in shares of YY by 9.3% during the 3rd quarter. BlackRock Inc. now owns 2,254,782 shares of the information services provider’s stock worth $168,929,000 after purchasing an additional 191,560 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of YY by 49.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 576,137 shares of the information services provider’s stock worth $43,150,000 after purchasing an additional 189,881 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of YY by 991.3% during the 3rd quarter. Macquarie Group Ltd. now owns 188,800 shares of the information services provider’s stock worth $14,145,000 after purchasing an additional 171,500 shares during the period. 60.36% of the stock is owned by institutional investors.

A number of brokerages have recently commented on YY. BidaskClub cut shares of YY from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Zacks Investment Research raised shares of YY from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Saturday, February 16th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. TheStreet raised shares of YY from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, Nomura reissued a “neutral” rating and issued a $74.00 price target (down previously from $75.00) on shares of YY in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $93.67.

YY stock opened at $88.30 on Tuesday. YY Inc has a 1 year low of $55.55 and a 1 year high of $125.84. The firm has a market capitalization of $5.31 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.62 and a beta of 1.20.

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YY Profile

YY, Inc engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others.

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Institutional Ownership by Quarter for YY (NASDAQ:YY)

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