Vetr downgraded shares of YY (NASDAQ:YY) from a buy rating to a hold rating in a research report sent to investors on Thursday. Vetr currently has $116.48 price target on the information services provider’s stock.
Other equities research analysts also recently issued reports about the stock. Goldman Sachs Group started coverage on shares of YY in a research note on Wednesday, August 30th. They set a buy rating and a $101.00 price objective for the company. BidaskClub downgraded shares of YY from a strong-buy rating to a buy rating in a research note on Wednesday, August 30th. ValuEngine downgraded shares of YY from a strong-buy rating to a buy rating in a research note on Monday, October 2nd. Bank of America lifted their price objective on shares of YY from $89.00 to $101.00 and gave the stock a buy rating in a research note on Monday, October 2nd. Finally, Benchmark reissued a buy rating and set a $127.00 target price on shares of YY in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. YY currently has a consensus rating of Buy and an average target price of $85.63.
Shares of YY (NASDAQ:YY) opened at $114.60 on Thursday. The firm has a market cap of $7,289.95, a P/E ratio of 19.79 and a beta of 1.20. YY has a one year low of $37.81 and a one year high of $123.48.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in YY. Andra AP fonden increased its stake in shares of YY by 89.9% during the third quarter. Andra AP fonden now owns 74,254 shares of the information services provider’s stock worth $6,444,000 after purchasing an additional 35,154 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of YY by 286.8% during the second quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock worth $42,017,000 after purchasing an additional 536,850 shares in the last quarter. Morgan Stanley increased its stake in shares of YY by 245.7% during the first quarter. Morgan Stanley now owns 39,544 shares of the information services provider’s stock worth $1,824,000 after purchasing an additional 28,104 shares in the last quarter. Hillhouse Capital Management Ltd. increased its stake in shares of YY by 3.4% during the second quarter. Hillhouse Capital Management Ltd. now owns 355,057 shares of the information services provider’s stock worth $20,604,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Todd Asset Management LLC purchased a new stake in shares of YY during the second quarter worth about $6,043,000. 56.87% of the stock is owned by institutional investors.
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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 Vetr’s full report, visit Vetr’s official website.
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