YY (YY) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of YY (NASDAQ:YY) from a hold rating to a buy rating in a report released on Friday morning.

Other equities analysts also recently issued reports about the stock. Vetr downgraded shares of YY from a strong-buy rating to a buy rating and set a $147.88 price objective for the company. in a research note on Thursday, February 22nd. Citigroup initiated coverage on shares of YY in a research note on Tuesday, February 20th. They issued a buy rating and a $150.00 target price for the company. Jefferies Financial Group raised their target price on shares of YY from $158.00 to $164.00 and gave the company a buy rating in a research note on Tuesday, March 6th. Nomura cut their target price on shares of YY from $161.00 to $152.00 and set a buy rating for the company in a research note on Thursday, June 7th. Finally, BidaskClub upgraded shares of YY from a hold rating to a buy rating in a research note on Saturday, June 2nd. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. YY presently has a consensus rating of Buy and an average target price of $135.07.

YY stock opened at $114.78 on Friday. YY has a one year low of $54.23 and a one year high of $142.97. The stock has a market cap of $7.25 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.52.

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

A number of institutional investors have recently added to or reduced their stakes in YY. Arrowstreet Capital Limited Partnership raised its holdings in YY by 296.1% in 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 during the period. Whale Rock Capital Management LLC raised its holdings in YY by 240.6% in 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 during the period. BlackRock Inc. raised its holdings in YY by 27.8% in the 1st quarter. BlackRock Inc. now owns 2,363,055 shares of the information services provider’s stock valued at $248,594,000 after acquiring an additional 513,995 shares during the period. Deutsche Bank AG raised its holdings 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 valued at $120,376,000 after acquiring an additional 379,250 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in YY by 153.8% in the 1st quarter. Hsbc Holdings PLC now owns 364,549 shares of the information services provider’s stock valued at $38,351,000 after acquiring an additional 220,911 shares during the period. 55.35% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

Analyst Recommendations for YY (NASDAQ:YY)

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.


Leave a Reply