YY (YY) Shares Down 4.2%

YY (NASDAQ:YY)’s share price fell 4.2% on Friday . The company traded as low as $117.39 and last traded at $123.45. 1,672,971 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 1,656,318 shares. The stock had previously closed at $118.48.

A number of research firms have weighed in on YY. Vetr upgraded YY from a “buy” rating to a “strong-buy” rating and set a $113.82 price target for the company in a report on Monday, December 4th. ValuEngine cut YY from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. BidaskClub lowered YY from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised YY from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Saturday, February 10th. Finally, Instinet raised YY from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $122.71.

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The company has a market capitalization of $7,483.20, a PE ratio of 19.78, a PEG ratio of 0.72 and a beta of 1.38.

YY (NASDAQ:YY) last announced its earnings results on Monday, March 5th. The information services provider reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.03. YY had a return on equity of 29.96% and a net margin of 21.48%. The company had revenue of $557.39 million for the quarter, compared to analyst estimates of $543.33 million. analysts anticipate that YY will post 7.32 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of YY. Arrowstreet Capital Limited Partnership raised its position in shares of YY by 296.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,044,710 shares of the information services provider’s stock valued at $118,115,000 after acquiring an additional 780,948 shares in the last quarter. Whale Rock Capital Management LLC raised its position in shares of YY by 240.6% during the 4th quarter. Whale Rock Capital Management LLC now owns 935,962 shares of the information services provider’s stock valued at $105,820,000 after acquiring an additional 661,167 shares in the last quarter. OZ Management LP acquired a new stake in shares of YY during the 3rd quarter valued at approximately $36,504,000. Deutsche Bank AG raised its position in shares of YY by 55.3% during the 4th quarter. Deutsche Bank AG now owns 1,064,732 shares of the information services provider’s stock valued at $120,376,000 after acquiring an additional 379,250 shares in the last quarter. Finally, KBC Group NV raised its position in shares of YY by 728.6% during the 4th quarter. KBC Group NV now owns 352,333 shares of the information services provider’s stock valued at $39,834,000 after acquiring an additional 309,813 shares in the last quarter. 59.76% of the stock is currently owned by institutional investors and hedge funds.

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YY Company Profile

YY Inc, through its subsidiaries, operates a live streaming platform in the People's Republic of China. It engages users to interact in live online group activities through voice, text, and video, as well as to create and organize groups of various 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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