YY (NASDAQ:YY) was upgraded by equities research analysts at Instinet from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday.
YY has been the subject of several other reports. UBS Group began coverage on shares of YY in a report on Tuesday, January 2nd. They set a “buy” rating and a $135.00 target price for the company. ValuEngine lowered shares of YY from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Vetr upgraded shares of YY from a “sell” rating to a “hold” rating and set a $94.08 target price for the company in a report on Monday, October 23rd. Bank of America lifted their target price on shares of YY from $89.00 to $101.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, Benchmark reiterated a “buy” rating and set a $127.00 target price on shares of YY in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $90.03.
Shares of YY (NASDAQ:YY) opened at $134.94 on Thursday. YY has a 12-month low of $40.17 and a 12-month high of $141.95. The firm has a market capitalization of $8,510.00, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC raised its stake in YY by 6.0% during the 3rd quarter. Penserra Capital Management LLC now owns 2,954 shares of the information services provider’s stock valued at $157,000 after buying an additional 168 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in 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 valued at $167,000 after buying an additional 200 shares during the last quarter. Aviva PLC raised its stake in YY by 3.8% during the 2nd quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock valued at $319,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in YY by 0.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 50,179 shares of the information services provider’s stock valued at $2,674,000 after buying an additional 227 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in YY by 2.3% during the 2nd quarter. Stifel Financial Corp now owns 10,011 shares of the information services provider’s stock valued at $339,000 after buying an additional 228 shares during the last quarter. Institutional investors own 56.87% of the company’s stock.
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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.
