YY Inc. (YY) Receives $82.12 Consensus Target Price from Brokerages
YY Inc. (NASDAQ:YY) has been assigned an average recommendation of “Buy” from the twenty analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $82.12.
YY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded YY from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) initiated coverage on YY in a report on Wednesday, August 30th. They set a “buy” rating and a $101.00 price target on the stock. Bank of America Corporation increased their price target on YY from $89.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Jefferies Group LLC upgraded YY from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, November 15th. Finally, Deutsche Bank AG restated a “buy” rating and set a $100.00 price target (up from $69.00) on shares of YY in a report on Friday, August 11th.
YY (YY) traded up $2.82 during trading on Monday, hitting $121.62. The company’s stock had a trading volume of 1,331,900 shares, compared to its average volume of 1,303,288. The company has a market cap of $6,659.33, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.17. YY has a 52-week low of $37.81 and a 52-week high of $123.48.
YY (NASDAQ:YY) last posted its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The firm had revenue of $464.78 million for 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 company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. sell-side analysts anticipate that YY will post 5.76 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of YY. Huntington National Bank lifted its holdings in shares of YY by 93.6% in the 3rd quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock worth $106,000 after purchasing an additional 589 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of YY in the 2nd quarter worth $145,000. D.A. Davidson & CO. lifted its holdings in shares of YY by 17.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after purchasing an additional 400 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of YY by 7.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after purchasing an additional 200 shares in the last quarter. Finally, Cetera Advisor Networks LLC bought a new position in shares of YY in the 3rd quarter worth $203,000. Institutional investors own 58.76% of the company’s stock.
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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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