YY (YY) Stock Price Up 5.1%

Shares of YY Inc (NASDAQ:YY) rose 5.1% during trading on Monday . The stock traded as high as $128.80 and last traded at $128.10. Approximately 1,422,400 shares were traded during trading, a decline of 2% from the average daily volume of 1,444,750 shares. The stock had previously closed at $121.93.

A number of analysts have issued reports on the stock. Jefferies Group upgraded shares of YY from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, November 15th. Vetr upgraded shares of YY from a “hold” rating to a “buy” rating and set a $118.46 price target on the stock in a report on Monday, January 1st. Zacks Investment Research downgraded shares of YY from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. JPMorgan Chase & Co. upgraded shares of YY from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $140.00 in a report on Thursday, November 16th. Finally, BidaskClub downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $89.07.

The firm has a market capitalization of $8,160.00, a P/E ratio of 21.03, a P/E/G ratio of 1.00 and a beta of 1.20.

YY (NASDAQ:YY) last issued its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The business had revenue of $464.78 million during the quarter, compared to analysts’ expectations of $425.44 million. YY had a net margin of 22.23% and a return on equity of 34.26%. The business’s revenue was up 53.4% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS.

Several large investors have recently bought and sold shares of YY. BlackRock Inc. raised its stake 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 worth $114,945,000 after acquiring an additional 674,292 shares in the last quarter. FMR LLC raised its stake 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 worth $38,451,000 after purchasing an additional 655,900 shares in the last quarter. Origin Asset Management LLP bought a new position in shares of YY in the 2nd quarter valued at approximately $34,470,000. OZ Management LP bought a new position in shares of YY in the 3rd quarter valued at approximately $36,504,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of YY by 60.2% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,032,000 shares of the information services provider’s stock valued at $59,886,000 after acquiring an additional 388,000 shares in the last quarter. Institutional investors and hedge funds 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.

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