YY Inc. (NASDAQ:YY)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a research report issued on Friday, MarketBeat.com reports. They presently have a $100.00 price objective on the information services provider’s stock, up from their prior price objective of $69.00. Deutsche Bank AG’s target price points to a potential upside of 28.44% from the stock’s current price.

YY has been the subject of several other reports. Citigroup Inc. boosted their target price on shares of YY to $100.00 and gave the company a “buy” rating in a research report on Friday. HSBC Holdings plc restated a “buy” rating on shares of YY in a research report on Friday. ValuEngine cut shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Monday. BidaskClub upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 20th. Finally, Zacks Investment Research cut shares of YY from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $63.34.

YY (NASDAQ:YY) traded up 0.57% on Friday, reaching $78.30. 1,827,656 shares of the company traded hands. The stock has a 50-day moving average price of $65.59 and a 200-day moving average price of $53.14. The firm has a market cap of $4.36 billion, a P/E ratio of 16.72 and a beta of 1.16. YY has a 52-week low of $37.81 and a 52-week high of $83.00.

YY (NASDAQ:YY) last posted its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.19. The firm had revenue of $384.85 million during the quarter, compared to the consensus estimate of $366.35 million. YY had a net margin of 21.02% and a return on equity of 38.15%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. Analysts anticipate that YY will post $5.66 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in YY. BlackRock Inc. boosted its position in YY by 51.6% in the second quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock worth $114,945,000 after buying an additional 674,292 shares in the last quarter. Boston Partners boosted its position in YY by 19.7% in the second quarter. Boston Partners now owns 1,575,753 shares of the information services provider’s stock worth $91,441,000 after buying an additional 258,815 shares in the last quarter. Acadian Asset Management LLC boosted its position in YY by 96.4% in the second quarter. Acadian Asset Management LLC now owns 1,358,113 shares of the information services provider’s stock worth $78,808,000 after buying an additional 666,481 shares in the last quarter. Ward Ferry Management BVI Ltd boosted its position in YY by 57.4% in the first quarter. Ward Ferry Management BVI Ltd now owns 902,800 shares of the information services provider’s stock worth $41,628,000 after buying an additional 329,400 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in YY by 286.8% in the second quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock worth $42,017,000 after buying an additional 536,850 shares in the last quarter. Institutional investors and hedge funds own 48.86% of the company’s stock.

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.

Analyst Recommendations for YY (NASDAQ:YY)

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