YY Inc. (NASDAQ:YY) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

A number of other research analysts have also weighed in on YY. Zacks Investment Research raised shares of YY from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a report on Thursday, April 13th. Benchmark Co. started coverage on shares of YY in a report on Tuesday, April 18th. They issued a “buy” rating and a $60.00 target price for the company. TheStreet raised shares of YY from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Vetr lowered shares of YY from a “strong-buy” rating to a “buy” rating and set a $57.51 target price for the company. in a report on Monday, May 8th. Finally, BOCOM International Holdings initiated coverage on shares of YY in a research note on Monday, May 8th. They set a “buy” rating and a $64.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.23.

Shares of YY (NASDAQ:YY) opened at 67.59 on Thursday. YY has a 12-month low of $37.81 and a 12-month high of $68.62. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 14.59 and a beta of 1.12.

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Hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its stake in YY by 13.7% in the fourth quarter. State Street Corp now owns 500,373 shares of the information services provider’s stock valued at $19,725,000 after buying an additional 60,354 shares during the period. Wellington Management Group LLP increased its stake in YY by 384.4% in the first quarter. Wellington Management Group LLP now owns 543,305 shares of the information services provider’s stock valued at $25,052,000 after buying an additional 431,155 shares during the period. BNP Paribas Arbitrage SA increased its stake in YY by 1,014.9% in the first quarter. BNP Paribas Arbitrage SA now owns 82,449 shares of the information services provider’s stock valued at $3,802,000 after buying an additional 75,054 shares during the period. Acadian Asset Management LLC increased its stake in YY by 72.3% in the first quarter. Acadian Asset Management LLC now owns 691,632 shares of the information services provider’s stock valued at $31,890,000 after buying an additional 290,272 shares during the period. Finally, Sei Investments Co. acquired a new stake in YY during the first quarter valued at $2,493,000. Institutional investors and hedge funds own 47.51% of the company’s stock.

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.

Analyst Recommendations for YY (NASDAQ:YY)

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