CICC Research downgraded shares of YY Inc (NASDAQ:YY) to a hold rating in a report released on Thursday, May 11th. They currently have $60.00 price target on the information services provider’s stock.
Other research analysts have also issued reports about the company. TheStreet raised YY from a c rating to a b- rating in a report on Wednesday, May 3rd. BOCOM International Holdings initiated coverage on YY in a report on Monday, May 8th. They set a buy rating and a $64.00 price target on the stock. Vetr lowered YY from a strong-buy rating to a buy rating and set a $57.51 price target on the stock. in a report on Monday, May 8th. Benchmark Co. initiated coverage on YY in a report on Tuesday, April 18th. They set a buy rating and a $60.00 price target on the stock. Finally, T.H. Capital raised YY from a hold rating to a buy rating and set a $55.00 price target on the stock in a report on Friday, March 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. YY currently has an average rating of Buy and an average target price of $57.83.
YY (NASDAQ:YY) traded down 0.29% during trading on Thursday, hitting $59.06. 855,364 shares of the stock were exchanged. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 12.94 and a beta of 1.11. The stock’s 50 day moving average is $52.21 and its 200-day moving average is $46.16. YY has a one year low of $31.07 and a one year high of $60.37.
YY (NASDAQ:YY) last issued its quarterly earnings results on Tuesday, March 14th. The information services provider reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.44. The company had revenue of $357.79 million for the quarter, compared to analyst estimates of $354.96 million. YY had a return on equity of 33.65% and a net margin of 17.18%. On average, equities research analysts expect that YY will post $5.30 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of YY during the third quarter worth approximately $104,000. DIAM Co. Ltd. raised its stake in shares of YY by 12.5% in the third quarter. DIAM Co. Ltd. now owns 2,700 shares of the information services provider’s stock worth $141,000 after buying an additional 300 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in shares of YY during the first quarter worth approximately $206,000. Symmetry Peak Management LLC acquired a new stake in shares of YY during the third quarter worth approximately $266,000. Finally, REDW Stanley Financial Advisors LLC acquired a new stake in shares of YY during the fourth quarter worth approximately $237,000. 44.44% of the stock is currently owned by hedge funds and other institutional investors.
YY Company Profile
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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