YY Inc (YY) Receives Average Rating of “Buy” from Brokerages

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YY Inc (NASDAQ:YY) has been assigned a consensus recommendation of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $135.07.

A number of brokerages recently commented on YY. ValuEngine lowered YY from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub lowered YY from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Zacks Investment Research raised YY from a “sell” rating to a “strong-buy” rating and set a $131.00 target price for the company in a research report on Friday, June 15th. UBS Group decreased their target price on YY from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, June 8th. Finally, JPMorgan Chase & Co. boosted their target price on YY from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, June 7th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG boosted its stake in shares of YY by 55.3% in the 4th quarter. Deutsche Bank AG now owns 1,064,732 shares of the information services provider’s stock worth $120,376,000 after buying an additional 379,250 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of YY in the 4th quarter worth approximately $407,000. Handelsbanken Fonder AB boosted its stake in shares of YY by 83.3% in the 4th quarter. Handelsbanken Fonder AB now owns 29,700 shares of the information services provider’s stock worth $3,358,000 after buying an additional 13,500 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of YY by 299.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,681 shares of the information services provider’s stock worth $1,886,000 after buying an additional 12,508 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. purchased a new position in shares of YY in the 4th quarter worth approximately $226,000. 54.37% of the stock is owned by hedge funds and other institutional investors.

Shares of YY traded down $0.99, hitting $98.78, during mid-day trading on Tuesday, Marketbeat Ratings reports. The company’s stock had a trading volume of 23,443 shares, compared to its average volume of 1,998,010. YY has a 52 week low of $55.83 and a 52 week high of $142.97. The firm has a market cap of $6.35 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

YY (NASDAQ:YY) last issued its earnings results on Tuesday, June 5th. The information services provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.21). YY had a net margin of 23.00% and a return on equity of 27.41%. The firm had revenue of $517.96 million during the quarter, compared to the consensus estimate of $491.32 million. equities analysts forecast that YY will post 7.94 earnings per share for the current year.

About YY

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.

Analyst Recommendations for YY (NASDAQ:YY)

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