Shares of YY Inc (NASDAQ:YY) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $125.19.
Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of YY from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Goldman Sachs Group upgraded shares of YY from a “neutral” rating to a “buy” rating and decreased their target price for the company from $117.00 to $108.00 in a report on Thursday. BidaskClub lowered shares of YY from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Benchmark decreased their target price on shares of YY to $106.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. Finally, ValuEngine lowered shares of YY from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 14th.
Hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. lifted its holdings in shares of YY by 10.2% in the 2nd quarter. Nomura Holdings Inc. now owns 9,643 shares of the information services provider’s stock worth $969,000 after acquiring an additional 895 shares during the last quarter. Platinum Investment Management Ltd. acquired a new position in shares of YY in the 2nd quarter worth approximately $53,436,000. Ruffer LLP acquired a new position in shares of YY in the 3rd quarter worth approximately $4,682,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of YY by 48.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 21,231 shares of the information services provider’s stock worth $2,133,000 after acquiring an additional 6,930 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of YY by 9.2% in the 2nd quarter. Raymond James & Associates now owns 27,399 shares of the information services provider’s stock worth $2,753,000 after acquiring an additional 2,312 shares during the last quarter. Hedge funds and other institutional investors own 57.45% of the company’s stock.
NASDAQ:YY traded down $2.06 on Friday, hitting $62.66. The stock had a trading volume of 1,141,452 shares, compared to its average volume of 1,490,566. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.44 and a beta of 0.89. YY has a 1-year low of $56.65 and a 1-year high of $142.97.
YY (NASDAQ:YY) last posted its earnings results on Monday, November 12th. The information services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The company had revenue of $597.00 million for the quarter, compared to analyst estimates of $577.38 million. YY had a net margin of 14.07% and a return on equity of 19.64%. During the same period in the previous year, the business posted $1.59 EPS. Sell-side analysts anticipate that YY will post 6.57 EPS for the current year.
YY Company Profile
YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.
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