YY (YY) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of YY (NASDAQ:YY) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other analysts also recently issued reports on YY. Tigress Financial began coverage on shares of YY in a report on Friday, January 4th. They issued a buy rating on the stock. Bank of America set a $66.00 price objective on shares of YY and gave the company a buy rating in a report on Thursday, December 20th. Goldman Sachs Group upgraded shares of YY from a neutral rating to a buy rating and lowered their price objective for the company from $117.00 to $108.00 in a report on Thursday, December 6th. Zacks Investment Research upgraded shares of YY from a hold rating to a buy rating and set a $68.00 price objective on the stock in a report on Friday, October 19th. Finally, CLSA set a $125.00 price objective on shares of YY and gave the company a buy rating in a report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. YY currently has a consensus rating of Buy and a consensus target price of $115.49.

YY stock traded up $2.51 during mid-day trading on Friday, hitting $73.97. 1,032,133 shares of the company were exchanged, compared to its average volume of 640,474. The company has a market capitalization of $4.67 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 0.40 and a beta of 0.98. YY has a 1-year low of $55.55 and a 1-year high of $142.97.

YY (NASDAQ:YY) last announced its earnings results on Monday, November 12th. The information services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $597.00 million for the quarter, compared to the consensus estimate of $577.38 million. YY had a net margin of 14.07% and a return on equity of 19.64%. During the same period last year, the company posted $1.59 EPS. On average, sell-side analysts forecast that YY will post 6.41 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of YY. FMR LLC boosted its position in YY by 93.2% during the third quarter. FMR LLC now owns 1,707,427 shares of the information services provider’s stock worth $127,920,000 after purchasing an additional 823,496 shares during the period. Capital Research Global Investors boosted its position in YY by 164.7% during the third quarter. Capital Research Global Investors now owns 555,845 shares of the information services provider’s stock worth $41,644,000 after purchasing an additional 345,845 shares during the period. Bank of Montreal Can boosted its position in YY by 704.0% during the third quarter. Bank of Montreal Can now owns 251,828 shares of the information services provider’s stock worth $18,867,000 after purchasing an additional 220,506 shares during the period. BlackRock Inc. boosted its position in YY by 9.3% during the third quarter. BlackRock Inc. now owns 2,254,782 shares of the information services provider’s stock worth $168,929,000 after purchasing an additional 191,560 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in YY by 49.2% during the third quarter. Dimensional Fund Advisors LP now owns 576,137 shares of the information services provider’s stock worth $43,150,000 after purchasing an additional 189,881 shares during the period. Institutional investors and hedge funds own 57.50% of the company’s stock.

About YY

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.

See Also: SEC Filing

Analyst Recommendations for YY (NASDAQ:YY)

Receive News & Ratings for YY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit