YY (YY) Lifted to Buy at Vetr
YY (NASDAQ:YY) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $148.60 target price on the information services provider’s stock. Vetr‘s price objective points to a potential upside of 9.77% from the company’s current price.
Several other research firms also recently weighed in on YY. Nomura upgraded YY from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $161.00 in a research note on Wednesday, January 17th. Instinet upgraded YY from a “neutral” rating to a “buy” rating in a research report on Thursday. BidaskClub upgraded YY from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. UBS Group began coverage on YY in a research report on Tuesday, January 2nd. They set a “buy” rating and a $135.00 target price for the company. Finally, ValuEngine upgraded YY from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $97.41.
YY (NASDAQ YY) traded down $2.83 during mid-day trading on Monday, reaching $135.37. The company’s stock had a trading volume of 1,140,000 shares, compared to its average volume of 1,090,000. YY has a 1-year low of $40.17 and a 1-year high of $141.95. The company has a market cap of $8,530.00, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.08 and a beta of 1.20.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its holdings in YY by 17.9% during the 4th quarter. Gulf International Bank UK Ltd now owns 13,200 shares of the information services provider’s stock valued at $1,492,000 after buying an additional 2,000 shares during the period. Creative Planning purchased a new stake in YY during the 4th quarter valued at $1,052,000. Bank of Montreal Can raised its holdings in YY by 16.2% during the 4th quarter. Bank of Montreal Can now owns 17,718 shares of the information services provider’s stock valued at $2,003,000 after buying an additional 2,464 shares during the period. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in YY during the 3rd quarter valued at $746,000. Finally, Cetera Advisor Networks LLC purchased a new stake in YY during the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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