YY Inc. (YY) Upgraded by ValuEngine to Strong-Buy
YY Inc. (NASDAQ:YY) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.
A number of other research firms have also recently commented on YY. Jefferies Group LLC upgraded YY from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday. Zacks Investment Research cut YY from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Deutsche Bank AG reiterated a “buy” rating and set a $100.00 target price (up from $69.00) on shares of YY in a research note on Friday, August 11th. BidaskClub cut YY from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. Finally, Vetr cut YY from a “buy” rating to a “hold” rating and set a $82.17 target price on the stock. in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.88.
Shares of YY (NASDAQ:YY) traded down $1.37 on Wednesday, hitting $89.23. The company had a trading volume of 1,850,800 shares, compared to its average volume of 1,231,140. YY has a 12 month low of $37.81 and a 12 month high of $97.59. The company has a market cap of $5,078.58, a PE ratio of 17.09, a P/E/G ratio of 0.98 and a beta of 1.17.
Several institutional investors and hedge funds have recently modified their holdings of YY. BlackRock Inc. boosted its position in shares of YY by 51.6% during the 2nd quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock valued at $114,945,000 after acquiring an additional 674,292 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of YY by 96.4% during 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 acquiring an additional 666,481 shares during the last quarter. FMR LLC boosted its position in shares of YY by 9,789.6% during the 2nd quarter. FMR LLC now owns 662,600 shares of the information services provider’s stock valued at $38,451,000 after acquiring an additional 655,900 shares during the last quarter. Origin Asset Management LLP bought a new stake in shares of YY during the 2nd quarter valued at about $34,470,000. Finally, Prudential Financial Inc. lifted its position in YY by 286.8% in the 2nd quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock worth $42,017,000 after buying an additional 536,850 shares during the last quarter. Hedge funds and other institutional investors own 57.41% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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