YY Inc. (NASDAQ:YY) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Friday.

A number of other analysts also recently weighed in on the company. Goldman Sachs Group, Inc. (The) started coverage on YY in a report on Wednesday, August 30th. They issued a “buy” rating and a $101.00 price objective for 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 reaffirmed a “buy” rating and set a $66.00 price target on shares of YY in a research report on Tuesday, July 4th. ValuEngine raised shares of YY from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Finally, Vetr cut shares of YY from a “hold” rating to a “sell” rating and set a $90.35 price target on the stock. in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. YY currently has an average rating of “Buy” and an average price target of $74.82.

YY (NASDAQ:YY) traded down 2.08% on Friday, hitting $85.34. The stock had a trading volume of 1,365,988 shares. The company has a market capitalization of $4.78 billion, a PE ratio of 15.71 and a beta of 1.18. YY has a 12-month low of $37.81 and a 12-month high of $97.59. The company has a 50 day moving average of $86.15 and a 200 day moving average of $67.59.

YY (NASDAQ:YY) last posted its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.19. The business had revenue of $384.85 million during the quarter, compared to the consensus estimate of $366.35 million. YY had a return on equity of 39.07% and a net margin of 22.08%. YY’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. On average, equities analysts expect that YY will post $6.07 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of YY by 7.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after purchasing an additional 200 shares in the last quarter. Aviva PLC raised its holdings in shares of YY by 3.8% in the 2nd quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock worth $319,000 after acquiring an additional 200 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of YY by 17.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after acquiring an additional 400 shares during the last quarter. Huntington National Bank raised its holdings in shares of YY by 93.6% in the 3rd quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock worth $106,000 after acquiring an additional 589 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of YY by 7.0% in the 2nd quarter. Wells Fargo & Company MN now owns 9,127 shares of the information services provider’s stock worth $529,000 after acquiring an additional 597 shares during the last quarter. 56.02% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for YY (NASDAQ:YY)

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