YY (YY) Receives New Coverage from Analysts at UBS Group
UBS Group initiated coverage on shares of YY (NASDAQ:YY) in a research report sent to investors on Tuesday morning, thefly.com reports. The brokerage issued a buy rating and a $135.00 price target on the information services provider’s stock.
Several other analysts also recently issued reports on YY. ValuEngine raised shares of YY from a buy rating to a strong-buy rating in a report on Wednesday, September 6th. BidaskClub raised shares of YY from a buy rating to a strong-buy rating in a report on Saturday, September 9th. Vetr downgraded shares of YY from a buy rating to a hold rating and set a $82.17 price objective for the company. in a report on Monday, September 25th. Bank of America upped their price objective on shares of YY from $89.00 to $101.00 and gave the stock a buy rating in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of YY from a strong-buy rating to a hold rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $89.07.
Shares of YY (NASDAQ YY) opened at $128.10 on Tuesday. The company has a market cap of $8,080.00, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 0.93 and a beta of 1.20. YY has a 1 year low of $38.00 and a 1 year high of $128.80.
YY (NASDAQ:YY) last posted its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.05. The business had revenue of $464.78 million during the quarter, compared to the consensus estimate of $425.44 million. YY had a net margin of 22.23% and a return on equity of 34.26%. YY’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of YY in the 3rd quarter worth about $746,000. Cetera Advisor Networks LLC bought a new stake in shares of YY in the 3rd quarter worth about $203,000. California Public Employees Retirement System grew its holdings in shares of YY by 47.2% in the 3rd quarter. California Public Employees Retirement System now owns 80,686 shares of the information services provider’s stock worth $7,002,000 after purchasing an additional 25,886 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of YY by 44.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,330 shares of the information services provider’s stock worth $1,244,000 after purchasing an additional 4,405 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new stake in shares of YY in the 3rd quarter worth about $23,847,000. 56.87% of the stock is currently owned by institutional investors and hedge funds.
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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.
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