YY Inc. (NASDAQ:YY) shares reached a new 52-week high on Wednesday . The company traded as high as $78.27 and last traded at $78.00, with a volume of 997,336 shares trading hands. The stock had previously closed at $76.27.

A number of research analysts have recently weighed in on YY shares. TheStreet raised YY from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. BOCOM International Holdings started coverage on YY in a research note on Monday, May 8th. They set a “buy” rating and a $64.00 target price on the stock. Vetr downgraded YY from a “strong-buy” rating to a “buy” rating and set a $57.51 target price on the stock. in a research note on Monday, May 8th. Benchmark Co. started coverage on YY in a research note on Tuesday, April 18th. They set a “buy” rating and a $60.00 target price on the stock. Finally, BidaskClub downgraded YY from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.23.

The firm has a market cap of $4.34 billion, a P/E ratio of 16.666 and a beta of 1.16. The stock’s 50 day moving average is $63.31 and its 200 day moving average is $52.19.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners raised its position in shares of YY by 19.7% in the second quarter. Boston Partners now owns 1,575,753 shares of the information services provider’s stock worth $91,441,000 after buying an additional 258,815 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of YY by 96.4% in the second quarter. Acadian Asset Management LLC now owns 1,358,113 shares of the information services provider’s stock worth $78,808,000 after buying an additional 666,481 shares in the last quarter. Ward Ferry Management BVI Ltd raised its position in shares of YY by 57.4% in the first quarter. Ward Ferry Management BVI Ltd now owns 902,800 shares of the information services provider’s stock worth $41,628,000 after buying an additional 329,400 shares in the last quarter. Prudential Financial Inc. raised its position in shares of YY by 286.8% in the second quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock worth $42,017,000 after buying an additional 536,850 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of YY by 22.4% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 644,000 shares of the information services provider’s stock worth $29,694,000 after buying an additional 118,000 shares in the last quarter. 48.86% of the stock is currently owned by institutional investors.

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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.

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