YY Inc (YY) Receives Consensus Rating of “Buy” from Analysts

Shares of YY Inc (NASDAQ:YY) have received an average rating of “Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $106.08.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded YY from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Nomura reiterated a “neutral” rating and set a $74.00 target price (down previously from $75.00) on shares of YY in a report on Tuesday, January 29th. BidaskClub downgraded YY from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. ValuEngine downgraded YY from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Finally, Benchmark reduced their target price on YY to $106.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th.

Shares of YY traded up $0.34 during trading hours on Wednesday, hitting $70.65. The company had a trading volume of 856,725 shares, compared to its average volume of 773,705. The company has a market cap of $4.44 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.36 and a beta of 1.27. YY has a 52-week low of $55.55 and a 52-week high of $140.39.

YY (NASDAQ:YY) last released its quarterly earnings data on Monday, November 12th. The information services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ 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 return on equity of 19.64% and a net margin of 14.07%. During the same quarter in the previous year, the business earned $1.59 earnings per share. Analysts expect that YY will post 6.41 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in YY by 7.0% in the 4th quarter. BlackRock Inc. now owns 2,412,685 shares of the information services provider’s stock valued at $144,424,000 after acquiring an additional 157,903 shares in the last quarter. FMR LLC raised its stake in YY by 93.2% during the 3rd quarter. FMR LLC now owns 1,707,427 shares of the information services provider’s stock valued at $127,920,000 after buying an additional 823,496 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of YY by 1.5% in the 3rd quarter. Acadian Asset Management LLC now owns 1,651,855 shares of the information services provider’s stock worth $123,756,000 after purchasing an additional 24,583 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of YY by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,495,467 shares of the information services provider’s stock worth $112,040,000 after purchasing an additional 41,736 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in shares of YY by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 1,495,467 shares of the information services provider’s stock worth $112,040,000 after purchasing an additional 41,736 shares in the last quarter. 56.08% of the stock is currently owned by hedge funds and other institutional investors.

YY Company Profile

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.

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Analyst Recommendations for YY (NASDAQ:YY)

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