YY Inc. (YY) Upgraded by BidaskClub to “Strong-Buy”
YY Inc. (NASDAQ:YY) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded YY from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Bank of America Corporation reissued a “buy” rating and issued a $66.00 target price on shares of YY in a report on Tuesday, July 4th. Jefferies Group LLC reissued a “hold” rating and issued a $56.00 target price on shares of YY in a report on Friday, June 16th. CICC Research downgraded YY to a “hold” rating and set a $60.00 target price on the stock. in a report on Thursday, May 11th. Finally, J P Morgan Chase & Co downgraded YY from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $56.00 to $60.00 in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $58.23.
YY (YY) opened at 66.61 on Thursday. YY has a one year low of $37.81 and a one year high of $68.62.
A number of hedge funds have recently bought and sold shares of YY. US Bancorp DE boosted its stake in YY by 841.0% in the second quarter. US Bancorp DE now owns 9,862 shares of the information services provider’s stock worth $573,000 after buying an additional 8,814 shares during the period. Aperio Group LLC boosted its stake in YY by 31.3% in the second quarter. Aperio Group LLC now owns 28,318 shares of the information services provider’s stock worth $1,643,000 after buying an additional 6,745 shares during the period. Private Capital Advisors Inc. purchased a new stake in YY during the second quarter worth approximately $551,000. Bank of Montreal Can boosted its stake in YY by 334.9% in the second quarter. Bank of Montreal Can now owns 17,168 shares of the information services provider’s stock worth $996,000 after buying an additional 13,220 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its stake in YY by 30.8% in the second quarter. Xact Kapitalforvaltning AB now owns 13,600 shares of the information services provider’s stock worth $789,000 after buying an additional 3,200 shares during the period. Institutional investors own 47.51% of the company’s stock.
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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