YY Inc. (YY) PT Raised to $100.00
YY Inc. (NASDAQ:YY) had its price objective boosted by equities research analysts at Citigroup Inc. to $100.00 in a research note issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Citigroup Inc.’s price target points to a potential upside of 28.44% from the company’s previous close.
Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded YY from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. CICC Research cut YY to a “hold” rating and set a $60.00 target price for the company. in a report on Thursday, May 11th. BidaskClub upgraded YY from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 20th. ValuEngine cut YY from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, J P Morgan Chase & Co cut YY from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $56.00 to $60.00 in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $60.84.
YY (NASDAQ:YY) opened at 77.86 on Friday. The stock has a market cap of $4.33 billion, a P/E ratio of 16.63 and a beta of 1.16. The stock’s 50 day moving average price is $65.59 and its 200-day moving average price is $53.14. YY has a one year low of $37.81 and a one year high of $83.00.
YY (NASDAQ:YY) last issued its quarterly earnings data on Thursday, August 10th. The information services provider reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.30. The business had revenue of $384.85 million for the quarter, compared to the consensus estimate of $366.35 million. YY had a return on equity of 38.15% and a net margin of 21.02%. The firm’s revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, analysts predict that YY will post $5.66 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in YY. BlackRock Inc. boosted its position in shares of YY by 51.6% in the second quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock valued at $114,945,000 after buying an additional 674,292 shares during the last quarter. Origin Asset Management LLP bought a new position in shares of YY during the second quarter valued at $34,470,000. TIAA CREF Investment Management LLC boosted its position in YY by 460.3% in the second quarter. TIAA CREF Investment Management LLC now owns 184,900 shares of the information services provider’s stock worth $10,730,000 after buying an additional 151,900 shares during the last quarter. Teachers Advisors LLC boosted its position in YY by 11.2% in the second quarter. Teachers Advisors LLC now owns 13,904 shares of the information services provider’s stock worth $807,000 after buying an additional 1,400 shares during the last quarter. Finally, AJO LP boosted its position in YY by 119.6% in the second quarter. AJO LP now owns 67,448 shares of the information services provider’s stock worth $3,914,000 after buying an additional 36,727 shares during the last quarter. Institutional investors own 48.86% of the company’s stock.
YY Company Profile
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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