Shares of YY Inc (NASDAQ:YY) have earned an average recommendation of “Buy” from the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $89.34.

A number of research firms recently weighed in on YY. BidaskClub raised shares of YY from a “hold” rating to a “buy” rating in a research report on Tuesday. Vetr raised shares of YY from a “hold” rating to a “buy” rating and set a $118.46 price objective for the company in a research report on Monday, January 1st. UBS Group began coverage on shares of YY in a research report on Tuesday, January 2nd. They set a “buy” rating and a $135.00 price objective for the company. ValuEngine raised shares of YY from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Bank of America increased their price objective on shares of YY from $89.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd.

A number of hedge funds have recently modified their holdings of YY. D.A. Davidson & CO. raised 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 valued at $156,000 after purchasing an additional 400 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of YY by 7.4% in the 3rd quarter. First Allied Advisory Services Inc. now owns 8,396 shares of the information services provider’s stock valued at $724,000 after purchasing an additional 578 shares in the last quarter. Huntington National Bank raised 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 valued at $106,000 after purchasing an additional 589 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of YY by 7.0% in the 2nd quarter. Wells Fargo & Company MN now owns 9,127 shares of the information services provider’s stock valued at $529,000 after purchasing an additional 597 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of YY by 1.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 37,016 shares of the information services provider’s stock valued at $3,212,000 after purchasing an additional 623 shares in the last quarter. 56.87% of the stock is owned by institutional investors.

YY (YY) traded down $0.52 during trading on Tuesday, hitting $128.75. 908,875 shares of the stock traded hands, compared to its average volume of 1,357,629. YY has a twelve month low of $40.17 and a twelve month high of $131.99. The stock has a market cap of $8,120.00, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20.

YY (NASDAQ:YY) last posted its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.05. YY had a net margin of 22.23% and a return on equity of 34.26%. The business had revenue of $464.78 million during the quarter, compared to analysts’ expectations of $425.44 million. During the same quarter in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 53.4% on a year-over-year basis.

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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.

Analyst Recommendations for YY (NASDAQ:YY)

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