YY Inc. (NASDAQ:YY) Given Average Recommendation of “Buy” by Brokerages
YY Inc. (NASDAQ:YY) has earned an average recommendation of “Buy” from the twenty research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $63.68.
Several equities analysts have recently commented on the company. Benchmark Co. assumed coverage on YY in a research note on Tuesday, April 18th. They set a “buy” rating and a $60.00 price target on the stock. TheStreet upgraded YY from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Vetr lowered YY from a “strong-buy” rating to a “buy” rating and set a $57.51 price target on the stock. in a research note on Monday, May 8th. BOCOM International Holdings assumed coverage on YY in a research note on Monday, May 8th. They set a “buy” rating and a $64.00 price target on the stock. Finally, J P Morgan Chase & Co lowered YY from an “overweight” rating to a “neutral” rating and raised their price target for the company from $56.00 to $60.00 in a research note on Thursday, May 11th.
YY (YY) traded up 1.36% on Friday, hitting $78.92. 2,348,206 shares of the company’s stock traded hands. YY has a 12 month low of $37.81 and a 12 month high of $83.00. The stock has a 50 day moving average price of $66.17 and a 200-day moving average price of $53.40.
YY (NASDAQ:YY) last released its earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.19. YY had a return on equity of 41.38% and a net margin of 22.08%. The business had revenue of $384.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue was up 28.9% compared to the same quarter last year. On average, equities analysts expect that YY will post $5.66 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Advisors Preferred LLC bought a new stake in shares of YY during the second quarter worth $145,000. D.A. Davidson & CO. increased its stake in shares of YY by 17.4% in the second quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after buying an additional 400 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of YY by 7.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after buying an additional 200 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of YY during the first quarter worth $206,000. Finally, Profund Advisors LLC bought a new stake in shares of YY during the second quarter worth $240,000. 48.86% of the stock is currently owned by institutional investors.
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.
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