BidaskClub upgraded shares of YY Inc. (NASDAQ:YY) from a buy rating to a strong-buy rating in a report released on Saturday morning.
A number of other equities analysts have also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of YY in a research report on Wednesday, August 30th. They set a buy rating and a $101.00 price objective for the company. Zacks Investment Research cut shares of YY from a strong-buy rating to a hold rating in a research report on Wednesday, May 17th. Bank of America Corporation reiterated a buy rating and set a $66.00 price objective on shares of YY in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a hold rating and set a $56.00 price objective (up from $46.00) on shares of YY in a research report on Sunday, May 14th. Finally, Deutsche Bank AG restated a buy rating and issued a $100.00 price target (up from $69.00) on shares of YY in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $69.97.
Shares of YY (YY) opened at 78.81 on Friday. The company has a 50 day moving average of $74.12 and a 200-day moving average of $58.01. YY has a one year low of $37.81 and a one year high of $83.00. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 14.68 and a beta of 1.16.
YY (NASDAQ:YY) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.19. The business 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%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. On average, analysts expect that YY will post $6.26 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of YY. BlackRock Inc. increased its position in shares of YY by 51.6% during the second quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock worth $114,945,000 after buying an additional 674,292 shares during the period. Acadian Asset Management LLC increased its position in shares of YY by 96.4% during the second quarter. Acadian Asset Management LLC now owns 1,358,113 shares of the information services provider’s stock worth $78,808,000 after buying an additional 666,481 shares during the period. FMR LLC increased its position in shares of YY by 9,789.6% during the second quarter. FMR LLC now owns 662,600 shares of the information services provider’s stock worth $38,451,000 after buying an additional 655,900 shares during the period. Origin Asset Management LLP acquired a new stake in shares of YY during the second quarter worth $34,470,000. Finally, Prudential Financial Inc. increased its position in shares of YY by 286.8% during the second quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock worth $42,017,000 after buying an additional 536,850 shares during the period. Institutional investors own 54.68% of the company’s stock.
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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