Shares of YY Inc. (NASDAQ:YY) have received a consensus rating of “Buy” from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $57.83.

YY has been the topic of several analyst reports. J P Morgan Chase & Co downgraded YY from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $56.00 to $60.00 in a research report on Thursday, May 11th. Zacks Investment Research upgraded YY from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Thursday, April 13th. Jefferies Group LLC restated a “hold” rating and set a $56.00 target price on shares of YY in a research report on Friday, June 16th. CICC Research cut YY to a “hold” rating and set a $60.00 target price on the stock. in a research report on Thursday, May 11th. Finally, Benchmark Co. started coverage on YY in a research report on Tuesday, April 18th. They set a “buy” rating and a $60.00 target price on the stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smith Asset Management Group LP acquired a new position in YY during the first quarter worth $206,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in YY during the first quarter worth $277,000. Tudor Investment Corp ET AL acquired a new position in YY during the first quarter worth $280,000. Quantbot Technologies LP acquired a new position in YY during the first quarter worth $285,000. Finally, DekaBank Deutsche Girozentrale raised its position in YY by 770.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,439 shares of the information services provider’s stock worth $535,000 after buying an additional 5,699 shares during the period. 47.60% of the stock is currently owned by institutional investors and hedge funds.

YY (NASDAQ:YY) traded up 0.74% during mid-day trading on Friday, reaching $58.75. The company’s stock had a trading volume of 385,696 shares. The stock has a 50-day moving average price of $55.77 and a 200-day moving average price of $47.21. YY has a one year low of $31.07 and a one year high of $61.52. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 12.70 and a beta of 1.12.

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YY Company Profile

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.

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