Shares of YY (NASDAQ:YY) shot up 7.3% during trading on Tuesday . The stock traded as high as $127.77 and last traded at $127.43. 2,448,185 shares traded hands during trading, an increase of 49% from the average session volume of 1,648,368 shares. The stock had previously closed at $118.75.
Several brokerages have recently commented on YY. Zacks Investment Research lowered YY from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine lowered 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 report on Wednesday, January 31st. Finally, Vetr upgraded YY from a “hold” rating to a “buy” rating and set a $118.46 price objective for the company in a report on Monday, January 1st. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $122.71.
The company has a market capitalization of $7,433.30, a P/E ratio of 20.69, a PEG ratio of 0.71 and a beta of 1.38.
YY (NASDAQ:YY) last issued its earnings results on Monday, March 5th. The information services provider reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.03. The company had revenue of $557.39 million during the quarter, compared to analyst estimates of $543.33 million. YY had a return on equity of 29.96% and a net margin of 21.48%. equities research analysts anticipate that YY will post 7.32 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Deutsche Bank AG raised its stake in 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 acquiring an additional 379,250 shares during the last quarter. Lazard Asset Management LLC grew its position in YY by 117.3% during the 4th quarter. Lazard Asset Management LLC now owns 44,117 shares of the information services provider’s stock worth $4,987,000 after purchasing an additional 23,817 shares during the period. Nomura Asset Management Co. Ltd. acquired a new stake in YY during the 4th quarter worth about $226,000. Comerica Bank acquired a new stake in YY during the 4th quarter worth about $280,000. Finally, Teacher Retirement System of Texas grew its position in YY by 20.3% during the 4th quarter. Teacher Retirement System of Texas now owns 51,191 shares of the information services provider’s stock worth $5,788,000 after purchasing an additional 8,654 shares during the period. Institutional investors own 59.76% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/20/yy-yy-shares-up-7-3.html.
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.
Receive News & Ratings for YY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY and related companies with MarketBeat.com's FREE daily email newsletter.