YY Inc. (YY) Receives Average Recommendation of “Buy” from Analysts
YY Inc. (NASDAQ:YY) has earned a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $58.04.
Several equities analysts have weighed in on YY shares. TheStreet raised YY from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. BOCOM International Holdings started coverage on YY in a report on Monday, May 8th. They issued a “buy” rating and a $64.00 price objective for the company. Vetr cut YY from a “strong-buy” rating to a “buy” rating and set a $57.51 price objective for the company. in a report on Monday, May 8th. Benchmark Co. started coverage on YY in a report on Tuesday, April 18th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, BidaskClub cut YY from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th.
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Large investors have recently modified their holdings of the company. Smith Asset Management Group LP bought a new stake in YY during the first quarter worth approximately $206,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of YY during the first quarter worth about $277,000. Tudor Investment Corp ET AL acquired a new position in shares of YY during the first quarter worth about $280,000. Quantbot Technologies LP acquired a new position in shares of YY during the first quarter worth about $285,000. Finally, FMR LLC acquired a new position in shares of YY during the first quarter worth about $309,000. Institutional investors and hedge funds own 47.51% of the company’s stock.
Shares of YY (NASDAQ YY) traded up 1.9473% on Tuesday, hitting $67.1527. The company had a trading volume of 753,061 shares. YY has a 12-month low of $37.81 and a 12-month high of $67.49.
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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