BidaskClub upgraded shares of YY (NASDAQ:YY) from a strong sell rating to a sell rating in a report released on Saturday.

Several other analysts have also weighed in on the company. Benchmark reissued a buy rating and issued a $140.00 price objective (down from $168.00) on shares of YY in a report on Tuesday, August 14th. JPMorgan Chase & Co. boosted their price objective on YY from $145.00 to $155.00 and gave the company an overweight rating in a report on Thursday, June 7th. Jefferies Financial Group restated a buy rating and issued a $110.00 target price on shares of YY in a research note on Wednesday, August 15th. ValuEngine downgraded YY from a sell rating to a strong sell rating in a research note on Friday, September 7th. Finally, Nomura decreased their target price on 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 given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $137.19.

Shares of YY stock opened at $72.49 on Friday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 11.43, a PEG ratio of 0.48 and a beta of 0.79. YY has a fifty-two week low of $66.46 and a fifty-two week high of $142.97.

YY (NASDAQ:YY) last announced its quarterly earnings data 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. The firm had revenue of $570.20 million during the quarter, compared to analyst estimates of $544.76 million. YY had a return on equity of 22.08% and a net margin of 14.99%. YY’s quarterly revenue was up 48.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 earnings per share. equities analysts anticipate that YY will post 6.95 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in shares of YY by 588.0% during the first quarter. Wells Fargo & Company MN now owns 95,614 shares of the information services provider’s stock worth $10,058,000 after buying an additional 81,717 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in shares of YY during the first quarter worth approximately $3,269,000. Northern Trust Corp boosted its position in shares of YY by 8.8% during the first quarter. Northern Trust Corp now owns 322,400 shares of the information services provider’s stock worth $33,917,000 after buying an additional 26,185 shares during the period. BlackRock Inc. boosted its position in shares of YY by 27.8% during the first quarter. BlackRock Inc. now owns 2,363,055 shares of the information services provider’s stock worth $248,594,000 after buying an additional 513,995 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. boosted its position in shares of YY by 161.0% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 5,094 shares of the information services provider’s stock worth $536,000 after buying an additional 3,142 shares during the period. Institutional investors own 61.30% of the company’s stock.

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.

See Also: Intrinsic Value and Stock Selection

Analyst Recommendations for YY (NASDAQ:YY)

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