BidaskClub upgraded shares of YY (NASDAQ:YY) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other analysts have also recently commented on YY. Goldman Sachs Group upgraded shares of YY from a neutral rating to a buy rating and dropped their price target for the company from $117.00 to $108.00 in a research note on Thursday, December 6th. JPMorgan Chase & Co. upgraded shares of YY from a neutral rating to an overweight rating and upped their price target for the company from $70.00 to $100.00 in a research note on Wednesday, March 6th. ValuEngine upgraded 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 on the stock. in a research note on Wednesday, January 23rd. Finally, TheStreet upgraded 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 given a hold rating and eight have given a buy rating to the stock. YY currently has a consensus rating of Buy and an average target price of $97.80.

YY opened at $82.72 on Thursday. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.60 and a beta of 1.18. YY has a twelve month low of $55.55 and a twelve month high of $131.97.

Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its holdings in shares of YY by 40.0% in the 4th quarter. Van ECK Associates Corp now owns 700 shares of the information services provider’s stock worth $42,000 after buying an additional 200 shares during the last quarter. Ayalon Holdings Ltd. bought a new position in shares of YY in the 4th quarter worth $50,000. Atlas Capital Advisors LLC bought a new position in shares of YY in the 4th quarter worth $55,000. NumerixS Investment Technologies Inc bought a new position in shares of YY in the 4th quarter worth $67,000. Finally, Advisor Group Inc. increased its holdings in shares of YY by 56.1% in the 4th quarter. Advisor Group Inc. now owns 1,269 shares of the information services provider’s stock worth $75,000 after buying an additional 456 shares during the last quarter. 59.71% of the stock is currently owned by institutional investors and hedge funds.

About YY

YY, Inc engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others.

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Analyst Recommendations for YY (NASDAQ:YY)

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