Vetr Upgrades YY (YY) to Buy

Vetr upgraded shares of YY (NASDAQ:YY) from a hold rating to a buy rating in a research note published on Monday morning. The firm currently has $118.46 target price on the information services provider’s stock.

Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of YY from a strong-buy rating to a buy rating in a research note on Thursday, December 14th. Benchmark restated a buy rating and set a $127.00 price target on shares of YY in a research note on Wednesday, November 15th. BidaskClub lowered shares of YY from a strong-buy rating to a buy rating in a research note on Tuesday, December 5th. JPMorgan Chase & Co. upgraded shares of YY from a neutral rating to an overweight rating and increased their price target for the stock from $70.00 to $140.00 in a research note on Thursday, November 16th. Finally, Zacks Investment Research lowered shares of YY from a strong-buy rating to a hold rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $89.07.

YY (NASDAQ:YY) opened at $121.93 on Monday. The firm has a market cap of $7,690.00, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 0.95 and a beta of 1.20. YY has a 12 month low of $38.00 and a 12 month high of $125.91.

YY (NASDAQ:YY) last released its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.05. The firm had revenue of $464.78 million for the quarter, compared to analyst estimates of $425.44 million. YY had a net margin of 22.23% and a return on equity of 34.26%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS.

Hedge funds have recently made changes to their positions in the company. Huntington National Bank increased its position in shares of YY by 93.6% during the 3rd quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock worth $106,000 after purchasing an additional 589 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of YY during the 3rd quarter worth about $203,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of YY during the 3rd quarter worth about $208,000. Boothbay Fund Management LLC acquired a new stake in shares of YY during the 3rd quarter worth about $233,000. Finally, D.A. Davidson & CO. increased its position in shares of YY by 17.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 56.87% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for YY (NASDAQ:YY)

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