YY (NASDAQ:YY) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a report released on Monday. They currently have a $113.82 target price on the information services provider’s stock. Vetr‘s target price would suggest a potential upside of 7.53% from the company’s previous close.

YY has been the subject of several other research reports. BidaskClub upgraded YY from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 9th. ValuEngine upgraded YY from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Goldman Sachs Group began coverage on YY in a report on Wednesday, August 30th. They set a “buy” rating and a $101.00 price objective for the company. Bank of America boosted their price objective on YY from $89.00 to $101.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, Benchmark restated a “buy” rating and set a $127.00 price objective on shares of YY in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $83.11.

YY (NASDAQ YY) opened at $105.85 on Monday. YY has a 12 month low of $37.81 and a 12 month high of $123.48. The stock has a market capitalization of $6,670.00, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20.

YY (NASDAQ:YY) last released its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.05. The firm had revenue of $464.78 million during the quarter, compared to the consensus estimate of $425.44 million. YY had a return on equity of 34.26% and a net margin of 22.23%. The company’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 earnings per share. equities research analysts anticipate that YY will post 5.76 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in YY. Vanguard Group Inc. grew its holdings in YY by 23.9% during the first quarter. Vanguard Group Inc. now owns 237,439 shares of the information services provider’s stock worth $10,949,000 after buying an additional 45,839 shares in the last quarter. Geode Capital Management LLC grew its holdings in YY by 3.9% during the first quarter. Geode Capital Management LLC now owns 61,664 shares of the information services provider’s stock worth $2,833,000 after buying an additional 2,310 shares in the last quarter. Morgan Stanley grew its holdings in YY by 245.7% during the first quarter. Morgan Stanley now owns 39,544 shares of the information services provider’s stock worth $1,824,000 after buying an additional 28,104 shares in the last quarter. Bank of Montreal Can grew its holdings in YY by 334.9% during the second quarter. Bank of Montreal Can now owns 17,168 shares of the information services provider’s stock worth $996,000 after buying an additional 13,220 shares in the last quarter. Finally, US Bancorp DE grew its holdings in YY by 841.0% during the second quarter. US Bancorp DE now owns 9,862 shares of the information services provider’s stock worth $573,000 after buying an additional 8,814 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

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YY Company Profile

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.

Analyst Recommendations for YY (NASDAQ:YY)

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