YY (YY) Rating Increased to Buy at ValuEngine

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YY (NASDAQ:YY) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research firms also recently issued reports on YY. Benchmark boosted their target price on shares of YY from $127.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, March 6th. Vetr downgraded shares of YY from a “strong-buy” rating to a “buy” rating and set a $147.88 target price on the stock. in a research report on Thursday, February 22nd. Citigroup began coverage on shares of YY in a research report on Tuesday, February 20th. They set a “buy” rating and a $150.00 target price on the stock. Jefferies Financial Group boosted their target price on shares of YY from $158.00 to $164.00 and gave the company a “buy” rating in a research report on Tuesday, March 6th. Finally, Zacks Investment Research downgraded shares of YY from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. YY currently has an average rating of “Buy” and a consensus target price of $134.61.

NASDAQ:YY opened at $118.79 on Friday. YY has a 52 week low of $53.21 and a 52 week high of $142.97. The firm has a market capitalization of $7.14 billion, a PE ratio of 18.71, a PEG ratio of 0.86 and a beta of 1.52.

YY (NASDAQ:YY) last released its earnings results on Tuesday, June 5th. The information services provider reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.21). YY had a net margin of 23.00% and a return on equity of 27.41%. The company had revenue of $517.96 million for the quarter, compared to analyst estimates of $491.32 million. sell-side analysts anticipate that YY will post 4.96 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YY. Comerica Bank acquired a new position in YY during the fourth quarter worth $280,000. Aperio Group LLC raised its holdings in shares of YY by 8.9% in the fourth quarter. Aperio Group LLC now owns 39,050 shares of the information services provider’s stock valued at $4,415,000 after purchasing an additional 3,185 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of YY by 20.3% in the fourth quarter. Teacher Retirement System of Texas now owns 51,191 shares of the information services provider’s stock valued at $5,788,000 after purchasing an additional 8,654 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of YY by 17.7% in the fourth quarter. California Public Employees Retirement System now owns 94,928 shares of the information services provider’s stock valued at $10,733,000 after purchasing an additional 14,242 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of YY by 29.2% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 3,100 shares of the information services provider’s stock valued at $350,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.

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.

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

Analyst Recommendations for YY (NASDAQ:YY)

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