CLSA set a $125.00 target price on YY (NASDAQ:YY) in a research report report published on Tuesday. The firm currently has a buy rating on the information services provider’s stock.

Several other research firms also recently commented on YY. BidaskClub downgraded shares of YY from a buy rating to a hold rating in a research note on Thursday, June 28th. ValuEngine downgraded shares of YY from a buy rating to a hold rating in a research note on Friday, June 29th. Zacks Investment Research upgraded shares of YY from a sell rating to a strong-buy rating and set a $131.00 price target for the company in a research note on Friday, June 15th. UBS Group dropped their price target on shares of YY from $160.00 to $150.00 and set a buy rating for the company in a research note on Friday, June 8th. Finally, Nomura dropped their price target on shares of YY from $161.00 to $152.00 and set a buy rating for the company in a research note on Thursday, June 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $136.08.

YY stock opened at $73.10 on Tuesday. YY has a fifty-two week low of $66.46 and a fifty-two week high of $142.97. The company has a market capitalization of $4.58 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.46 and a beta of 0.78.

YY (NASDAQ:YY) last posted its earnings results on Monday, August 13th. The information services provider reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.22. YY had a net margin of 14.99% and a return on equity of 22.08%. The firm had revenue of $570.20 million during the quarter, compared to the consensus estimate of $544.76 million. During the same quarter last year, the firm earned $1.53 EPS. The firm’s revenue for the quarter was up 48.1% on a year-over-year basis. equities analysts expect that YY will post 6.95 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of YY by 9.9% during the 2nd quarter. Creative Planning now owns 7,009 shares of the information services provider’s stock worth $704,000 after purchasing an additional 630 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of YY by 1.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 64,519 shares of the information services provider’s stock worth $6,787,000 after purchasing an additional 700 shares during the last quarter. Atria Investments LLC lifted its position in shares of YY by 21.1% during the 2nd quarter. Atria Investments LLC now owns 4,691 shares of the information services provider’s stock worth $471,000 after purchasing an additional 816 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of YY by 23.5% during the 2nd quarter. Fulton Bank N.A. now owns 4,416 shares of the information services provider’s stock worth $444,000 after purchasing an additional 841 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of YY by 10.2% during the 2nd quarter. Nomura Holdings Inc. now owns 9,643 shares of the information services provider’s stock worth $969,000 after purchasing an additional 895 shares during the last quarter. 61.30% of the stock is owned by institutional investors and hedge funds.

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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