ValuEngine cut shares of YY Inc. (NASDAQ:YY) from a strong-buy rating to a buy rating in a report published on Monday morning.

YY has been the subject of a number of other research reports. Jefferies Group LLC reiterated a hold rating and set a $56.00 target price (up previously from $46.00) on shares of YY in a report on Sunday, May 14th. BidaskClub upgraded YY from a buy rating to a strong-buy rating in a report on Thursday, July 20th. TheStreet upgraded YY from a c rating to a b- rating in a report on Wednesday, May 3rd. Bank of America Corporation reiterated a buy rating and set a $66.00 target price on shares of YY in a report on Tuesday, July 4th. Finally, Zacks Investment Research upgraded YY from a hold rating to a strong-buy rating and set a $61.00 target price for the company in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $58.23.

Shares of YY (NASDAQ:YY) opened at 76.58 on Monday. YY has a 12 month low of $37.81 and a 12 month high of $77.85. The stock has a market capitalization of $4.26 billion, a PE ratio of 16.46 and a beta of 1.16.

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Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new position in shares of YY during the fourth quarter worth about $10,009,000. Macquarie Group Ltd. raised its position in shares of YY by 2,042.1% in the fourth quarter. Macquarie Group Ltd. now owns 36,502 shares of the information services provider’s stock worth $1,439,000 after buying an additional 34,798 shares during the last quarter. Fox Run Management L.L.C. raised its position in shares of YY by 23.0% in the first quarter. Fox Run Management L.L.C. now owns 15,000 shares of the information services provider’s stock worth $692,000 after buying an additional 2,800 shares during the last quarter. Korea Investment CORP raised its position in shares of YY by 74.9% in the first quarter. Korea Investment CORP now owns 76,100 shares of the information services provider’s stock worth $3,509,000 after buying an additional 32,600 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of YY by 72.3% in the first quarter. Acadian Asset Management LLC now owns 691,632 shares of the information services provider’s stock worth $31,890,000 after buying an additional 290,272 shares during the last quarter. 48.86% of the stock is currently owned by institutional investors.

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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