ValuEngine Upgrades YY Inc. (YY) to Strong-Buy
YY Inc. (NASDAQ:YY) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.
YY has been the subject of several other research reports. Zacks Investment Research raised YY from a “hold” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) started coverage on YY in a report on Wednesday, August 30th. They issued a “buy” rating and a $101.00 price target for the company. Nomura reaffirmed a “hold” rating and issued a $54.00 price target on shares of YY in a report on Friday, May 12th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $100.00 price target (up previously from $69.00) on shares of YY in a report on Friday, August 11th. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a $89.00 price objective (up from $65.00) on shares of YY in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. YY has an average rating of “Buy” and a consensus price target of $69.97.
YY (NASDAQ:YY) opened at 78.81 on Wednesday. The stock has a 50 day moving average price of $73.51 and a 200 day moving average price of $57.47. YY has a 12 month low of $37.81 and a 12 month high of $83.00. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 14.84 and a beta of 1.16.
YY (NASDAQ:YY) last posted its quarterly earnings results on Thursday, August 10th. The information services provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.34 by $0.19. The firm had revenue of $384.85 million during the quarter, compared to analysts’ expectations of $366.35 million. YY had a return on equity of 39.07% and a net margin of 22.08%. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. On average, equities analysts expect that YY will post $6.19 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC bought a new stake in YY during the 2nd quarter worth approximately $145,000. D.A. Davidson & CO. grew its position in YY by 17.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after acquiring an additional 400 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in YY by 7.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after acquiring an additional 200 shares during the last quarter. Smith Asset Management Group LP bought a new stake in YY during the 1st quarter worth approximately $206,000. Finally, Profund Advisors LLC bought a new stake in YY during the 2nd quarter worth approximately $240,000. Institutional investors and hedge funds own 54.68% of the company’s stock.
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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