Vetr upgraded shares of YY (NASDAQ:YY) from a hold rating to a buy rating in a research note published on Friday. They currently have $116.48 price target on the information services provider’s stock.

Several other analysts have also issued reports on the stock. Goldman Sachs Group started coverage on shares of YY in a research report on Wednesday, August 30th. They issued a buy rating and a $101.00 target price on the stock. J P Morgan Chase & Co upgraded shares of YY from a neutral rating to an overweight rating and lifted their target price for the company from $70.00 to $140.00 in a research report on Thursday, November 16th. BidaskClub lowered shares of YY from a strong-buy rating to a buy rating in a research report on Friday, October 27th. Jefferies Group upgraded shares of YY from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Wednesday, November 15th. Finally, Benchmark reiterated a buy rating and issued a $127.00 target price on shares of YY in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $85.63.

YY (NASDAQ YY) opened at $113.13 on Friday. YY has a fifty-two week low of $37.81 and a fifty-two week high of $123.48. The firm has a market cap of $6,842.36, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.01 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. YY had a net margin of 22.23% and a return on equity of 34.26%. The company had revenue of $464.78 million during the quarter, compared to analysts’ expectations of $425.44 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in YY by 51.6% during the second quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock worth $114,945,000 after acquiring an additional 674,292 shares during the last quarter. Boston Partners boosted its holdings in YY by 10.7% in the 3rd quarter. Boston Partners now owns 1,743,607 shares of the information services provider’s stock valued at $151,310,000 after purchasing an additional 167,854 shares during the last quarter. Ward Ferry Management BVI Ltd boosted its holdings in YY by 6.3% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 1,120,800 shares of the information services provider’s stock valued at $97,263,000 after purchasing an additional 66,800 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in YY by 3.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,064,000 shares of the information services provider’s stock valued at $92,333,000 after purchasing an additional 32,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in YY by 40.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 816,087 shares of the information services provider’s stock valued at $47,358,000 after purchasing an additional 232,996 shares during the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

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About YY

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for YY (NASDAQ:YY)

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