YY (NASDAQ:YY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The brokerage currently has a $125.00 price target on the information services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 6.26% from the stock’s current price.
According to Zacks, “YY Inc. is a communication social platform, which engages users in online group activities through voice, text and video. The Company’s Platform consists of YY Client, the YY.com and Duowan.com web portals, Mobile YY and Web-based YY. YY Inc. is based in Guangzhou, the People’s Republic of China. “
YY has been the subject of several other reports. Vetr upgraded YY from a “buy” rating to a “strong-buy” rating and set a $148.60 target price for the company in a research report on Monday, February 5th. BidaskClub cut YY from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, ValuEngine cut YY from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $99.91.
YY (NASDAQ:YY) last announced its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.05. The company had revenue of $464.78 million during the quarter, compared to analysts’ expectations of $425.44 million. YY had a return on equity of 34.26% and a net margin of 22.23%. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. equities analysts anticipate that YY will post 6.09 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of YY. Arrowstreet Capital Limited Partnership boosted its holdings in shares of YY by 296.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,044,710 shares of the information services provider’s stock worth $118,115,000 after purchasing an additional 780,948 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of YY by 51.6% in the 2nd quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock worth $114,945,000 after purchasing an additional 674,292 shares in the last quarter. FMR LLC boosted its holdings in shares of YY by 9,789.6% in 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. OZ Management LP purchased a new position in shares of YY in the 3rd quarter worth about $36,504,000. Finally, KBC Group NV boosted its holdings in shares of YY by 728.6% in the 4th quarter. KBC Group NV now owns 352,333 shares of the information services provider’s stock worth $39,834,000 after purchasing an additional 309,813 shares in the last quarter. Hedge funds and other institutional investors own 56.63% of the company’s stock.
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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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