YY (NASDAQ:YY) Lowered to “Hold” at Vetr

Vetr cut shares of YY (NASDAQ:YY) from a buy rating to a hold rating in a research report released on Thursday, December 21st. Vetr currently has $116.48 price objective on the information services provider’s stock.

Other research analysts also recently issued research reports about the stock. Goldman Sachs Group initiated coverage on shares of YY in a research report on Wednesday, August 30th. They set a buy rating and a $101.00 target price on the stock. BidaskClub cut shares of YY from a strong-buy rating to a buy rating in a report on Wednesday, August 30th. ValuEngine cut shares of YY from a strong-buy rating to a buy rating in a report on Monday, October 2nd. Bank of America raised their price target on shares of YY from $89.00 to $101.00 and gave the company a buy rating in a report on Monday, October 2nd. Finally, Benchmark reiterated a buy rating and issued a $127.00 target price on shares of YY in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $89.78.

YY (NASDAQ:YY) opened at $135.23 on Thursday. YY has a 12-month low of $40.17 and a 12-month high of $135.46. The company has a market cap of $8,520.00, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20.

YY (NASDAQ:YY) last announced its earnings results 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 business had revenue of $464.78 million for the quarter, compared to the consensus estimate of $425.44 million. YY had a net margin of 22.23% and a return on equity of 34.26%. The business’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in YY. Aviva PLC boosted its position in shares of YY by 3.8% during the 2nd quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock valued at $319,000 after acquiring an additional 200 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of YY by 7.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock valued at $167,000 after acquiring an additional 200 shares during the last quarter. D.A. Davidson & CO. boosted 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 valued at $156,000 after acquiring an additional 400 shares during the last quarter. First Allied Advisory Services Inc. lifted its position in YY by 7.4% in the third quarter. First Allied Advisory Services Inc. now owns 8,396 shares of the information services provider’s stock valued at $724,000 after buying an additional 578 shares during the last quarter. Finally, Huntington National Bank lifted its position in YY by 93.6% in the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after buying an additional 589 shares during the last quarter. 56.87% of the stock is currently owned by institutional investors.

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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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