Jefferies Group LLC reissued their hold rating on shares of YY Inc. (NASDAQ:YY) in a report issued on Wednesday. Jefferies Group LLC currently has a $79.00 target price on the information services provider’s stock.
A number of other equities research analysts have also recently issued reports on the company. TheStreet raised YY from a c rating to a b- rating in a research report on Wednesday, May 3rd. BOCOM International Holdings began coverage on YY in a research report on Monday, May 8th. They set a buy rating and a $64.00 target price for the company. Vetr cut YY from a strong-buy rating to a buy rating and set a $57.51 target price for the company. in a research report on Monday, May 8th. Benchmark Co. began coverage on YY in a research report on Tuesday, April 18th. They set a buy rating and a $60.00 target price for the company. Finally, Bank of America Corporation reaffirmed a buy rating and set a $66.00 target price on shares of YY in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $66.53.
YY (NASDAQ YY) traded up 0.174% on Wednesday, reaching $72.125. 1,140,140 shares of the company traded hands. YY has a 52-week low of $37.81 and a 52-week high of $83.00.
YY (NASDAQ:YY) last announced its quarterly earnings results on Thursday, August 10th. The information services provider reported $1.53 EPS for the quarter, beating the Thomson Reuters’ 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 return on equity of 39.07% and a net margin of 22.08%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 EPS. On average, equities research analysts forecast that YY will post $5.96 earnings per share for the current fiscal year.
WARNING: “YY Inc. (YY) Given “Hold” Rating at Jefferies Group LLC” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2017/08/17/yy-inc-yy-given-hold-rating-at-jefferies-group-llc.html.
Several hedge funds and other institutional investors have recently modified their holdings of YY. Dimensional Fund Advisors LP acquired a new position in shares of YY during the fourth quarter worth approximately $10,009,000. Macquarie Group Ltd. raised its position in shares of YY by 2,042.1% in the fourth quarter. Macquarie Group Ltd. now owns 36,502 shares of the information services provider’s stock worth $1,439,000 after buying an additional 34,798 shares during the last quarter. Fox Run Management L.L.C. raised its position in shares of YY by 23.0% in the first quarter. Fox Run Management L.L.C. now owns 15,000 shares of the information services provider’s stock worth $692,000 after buying an additional 2,800 shares during the last quarter. Korea Investment CORP raised its position in shares of YY by 74.9% in the first quarter. Korea Investment CORP now owns 76,100 shares of the information services provider’s stock worth $3,509,000 after buying an additional 32,600 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of YY by 72.3% in the first quarter. Acadian Asset Management LLC now owns 691,632 shares of the information services provider’s stock worth $31,890,000 after buying an additional 290,272 shares during the last quarter. Institutional investors own 50.92% 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.
What are top analysts saying about YY Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for YY Inc. and related companies.