BidaskClub Upgrades YY Inc. (YY) 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 research note issued to investors on Saturday.
YY has been the subject of a number of other reports. Jefferies Group LLC reiterated a “hold” rating and set a $56.00 price objective (up from $46.00) on shares of YY in a research report on Sunday, May 14th. Citigroup Inc. upped their price objective on shares of YY to $100.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. ValuEngine upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) assumed coverage on shares of YY in a research report on Wednesday, August 30th. They set a “buy” rating and a $101.00 price objective for the company. Finally, Bank of America Corporation reiterated a “buy” rating and set a $66.00 price objective on shares of YY in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. YY currently has an average rating of “Buy” and an average price target of $69.97.
Shares of YY (NASDAQ:YY) traded down 1.02% during mid-day trading on Friday, reaching $78.01. 1,509,571 shares of the company’s stock traded hands. YY has a 12 month low of $37.81 and a 12 month high of $83.00. The stock has a market cap of $4.37 billion, a PE ratio of 14.69 and a beta of 1.16. The firm has a 50 day moving average price of $73.81 and a 200-day moving average price of $57.62.
YY (NASDAQ:YY) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.19. The business had revenue of $384.85 million during the quarter, compared to analysts’ expectations of $366.35 million. YY had a net margin of 22.08% and a return on equity of 39.07%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. On average, analysts predict that YY will post $6.26 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/09/bidaskclub-upgrades-yy-inc-yy-to-strong-buy.html.
A number of institutional investors and hedge funds have recently bought and sold shares of YY. BlackRock Inc. grew its holdings in YY by 51.6% during the 2nd quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock worth $114,945,000 after acquiring an additional 674,292 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of YY by 96.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,358,113 shares of the information services provider’s stock valued at $78,808,000 after purchasing an additional 666,481 shares during the last quarter. FMR LLC boosted its stake in shares of YY by 9,789.6% in the 2nd quarter. FMR LLC now owns 662,600 shares of the information services provider’s stock valued at $38,451,000 after purchasing an additional 655,900 shares during the last quarter. Origin Asset Management LLP bought a new stake in shares of YY in the 2nd quarter valued at $34,470,000. Finally, Prudential Financial Inc. boosted its stake in shares of YY by 286.8% in the 2nd quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock valued at $42,017,000 after purchasing an additional 536,850 shares during the last quarter. 54.68% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for YY Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY Inc. and related companies with MarketBeat.com's FREE daily email newsletter.