YY (NASDAQ:YY) was upgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. downgraded YY from an “overweight” rating to a “neutral” rating and set a $68.05 price target for the company. in a research note on Tuesday, November 27th. BidaskClub downgraded YY from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Benchmark cut their price target on YY to $106.00 and set a “buy” rating for the company in a research note on Tuesday, November 13th. Zacks Investment Research downgraded YY from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Finally, CLSA set a $125.00 price target on YY and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. YY has an average rating of “Buy” and an average target price of $121.19.

Shares of NASDAQ:YY opened at $65.97 on Thursday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89. YY has a 1 year low of $56.65 and a 1 year high of $142.97.

YY (NASDAQ:YY) last announced its quarterly earnings data on Monday, November 12th. The information services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The firm had revenue of $597.00 million during the quarter, compared to the consensus estimate of $577.38 million. YY had a return on equity of 19.64% and a net margin of 14.07%. During the same quarter in the prior year, the company earned $1.59 EPS. On average, equities research analysts expect that YY will post 6.57 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in YY by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,495,467 shares of the information services provider’s stock worth $112,040,000 after purchasing an additional 41,736 shares in the last quarter. Krane Funds Advisors LLC lifted its holdings in YY by 16.8% during the 3rd quarter. Krane Funds Advisors LLC now owns 549,297 shares of the information services provider’s stock worth $41,153,000 after purchasing an additional 79,166 shares in the last quarter. Nordea Investment Management AB purchased a new stake in YY during the 3rd quarter worth about $1,446,000. AQR Capital Management LLC lifted its holdings in YY by 1.9% during the 3rd quarter. AQR Capital Management LLC now owns 124,886 shares of the information services provider’s stock worth $9,356,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in YY by 991.3% during the 3rd quarter. Macquarie Group Ltd. now owns 188,800 shares of the information services provider’s stock worth $14,145,000 after purchasing an additional 171,500 shares in the last quarter. 57.45% of the stock is currently owned by institutional investors and hedge funds.

About YY

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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