YY Inc. (NASDAQ:YY) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

Several other equities analysts have also weighed in on YY. Zacks Investment Research raised shares of YY from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, April 13th. Benchmark Co. started coverage on shares of YY in a research report on Tuesday, April 18th. They set a “buy” rating and a $60.00 price objective on the stock. TheStreet raised shares of YY from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. Vetr lowered shares of YY from a “strong-buy” rating to a “buy” rating and set a $57.51 price objective on the stock. in a research report on Monday, May 8th. Finally, BOCOM International Holdings started coverage on shares of YY in a research report on Monday, May 8th. They set a “buy” rating and a $64.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. YY presently has a consensus rating of “Buy” and an average target price of $58.23.

YY (YY) traded up 4.20% during midday trading on Monday, reaching $76.58. 1,988,333 shares of the company’s stock traded hands. YY has a 52 week low of $37.81 and a 52 week high of $77.85. The stock has a market capitalization of $4.26 billion, a P/E ratio of 16.46 and a beta of 1.16.

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A number of institutional investors have recently made changes to their positions in YY. Advisors Preferred LLC bought a new stake in shares of YY during the second quarter valued at about $145,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of YY by 7.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock valued at $167,000 after buying an additional 200 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of YY during the first quarter valued at about $206,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of YY during the first quarter valued at about $277,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of YY during the first quarter valued at about $280,000. Institutional investors own 48.86% of the company’s stock.

About YY

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.

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

Analyst Recommendations for YY (NASDAQ:YY)

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