YY (NASDAQ:YY) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other analysts also recently weighed in on YY. JPMorgan Chase & Co. upgraded YY from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $140.00 in a research report on Thursday, November 16th. Jefferies Group upgraded YY from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, November 15th. Vetr downgraded YY from a “buy” rating to a “sell” rating and set a $100.74 price objective for the company. in a research report on Wednesday, November 15th. Benchmark reiterated a “buy” rating and issued a $127.00 price objective on shares of YY in a research report on Wednesday, November 15th. Finally, ValuEngine upgraded YY from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $89.78.

YY (YY) traded down $1.27 during trading hours on Tuesday, reaching $127.48. The company had a trading volume of 833,600 shares, compared to its average volume of 1,282,771. The company has a market cap of $8,040.00, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20. YY has a one year low of $40.17 and a one year high of $131.99.

YY (NASDAQ:YY) last released its earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.05. The company 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%. YY’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Institutional investors have recently made changes to their positions in the stock. Andra AP fonden raised its holdings in shares of YY by 89.9% during the third quarter. Andra AP fonden now owns 74,254 shares of the information services provider’s stock valued at $6,444,000 after acquiring an additional 35,154 shares in the last quarter. Hillhouse Capital Management Ltd. raised its holdings in shares of YY by 3.4% during the second quarter. Hillhouse Capital Management Ltd. now owns 355,057 shares of the information services provider’s stock valued at $20,604,000 after acquiring an additional 11,700 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of YY during the third quarter valued at approximately $3,853,000. Goldman Sachs Group Inc. raised its holdings in shares of YY by 40.0% during the second quarter. Goldman Sachs Group Inc. now owns 816,087 shares of the information services provider’s stock valued at $47,358,000 after acquiring an additional 232,996 shares in the last quarter. Finally, Korea Investment CORP raised its holdings in shares of YY by 15.2% during the third quarter. Korea Investment CORP now owns 102,500 shares of the information services provider’s stock valued at $8,895,000 after acquiring an additional 13,500 shares in the last quarter. Institutional investors own 56.87% 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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