YY (NASDAQ:YY) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, BidAskClub reports.

A number of other equities analysts have also recently commented on YY. JPMorgan Chase & Co. raised shares of YY from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $100.00 in a research note on Wednesday, March 6th. Tigress Financial reissued a “buy” rating on shares of YY in a research note on Friday, April 5th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. UBS Group cut shares of YY from a “buy” rating to a “neutral” rating and set a $77.00 price target for the company. in a research note on Wednesday, January 23rd. Finally, TheStreet raised shares of YY from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $93.67.

YY stock traded down $0.24 during midday trading on Wednesday, reaching $85.55. 574,119 shares of the stock were exchanged, compared to its average volume of 1,145,299. The firm has a market capitalization of $5.40 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20. YY has a 52 week low of $55.55 and a 52 week high of $125.84.

Several institutional investors have recently made changes to their positions in YY. Norges Bank purchased a new stake in shares of YY in the 4th quarter valued at $30,070,000. Prudential PLC boosted its stake in shares of YY by 122.2% in the 4th quarter. Prudential PLC now owns 709,411 shares of the information services provider’s stock valued at $42,465,000 after purchasing an additional 390,124 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of YY by 164.7% in the 3rd quarter. Capital Research Global Investors now owns 555,845 shares of the information services provider’s stock valued at $41,644,000 after purchasing an additional 345,845 shares in the last quarter. Lakewood Capital Management LP boosted its stake in shares of YY by 124.8% in the 4th quarter. Lakewood Capital Management LP now owns 414,270 shares of the information services provider’s stock valued at $24,798,000 after purchasing an additional 230,000 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of YY by 166.4% in the 4th quarter. Deutsche Bank AG now owns 358,790 shares of the information services provider’s stock valued at $21,474,000 after purchasing an additional 224,119 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

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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