YY Inc. (YY) Upgraded by J P Morgan Chase & Co to “Overweight”
J P Morgan Chase & Co upgraded shares of YY Inc. (NASDAQ:YY) from a neutral rating to an overweight rating in a research report sent to investors on Thursday morning. They currently have $140.00 target price on the information services provider’s stock, up from their previous target price of $70.00.
A number of other equities research analysts have also weighed in on YY. Benchmark Co. reaffirmed a buy rating and set a $127.00 target price on shares of YY in a research note on Wednesday. ValuEngine raised shares of YY from a buy rating to a strong-buy rating in a research note on Wednesday. reissued a buy rating and set a $89.00 price target (up from $65.00) on shares of YY in a research report on Friday, August 11th. Jefferies Group LLC reissued a hold rating and set a $79.00 price target on shares of YY in a research report on Wednesday, August 16th. Finally, Vetr cut shares of YY from a buy rating to a sell rating and set a $100.74 price target for the company. in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $82.30.
Shares of YY (NASDAQ YY) traded up $0.21 on Thursday, hitting $107.23. 1,863,599 shares of the stock were exchanged, compared to its average volume of 1,290,240. The company has a market cap of $6,710.00, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17. YY has a 52-week low of $37.81 and a 52-week high of $116.90.
YY (NASDAQ:YY) last announced its earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. The firm had revenue of $464.78 million for the quarter, compared to analyst estimates of $425.44 million. YY had a net margin of 22.08% and a return on equity of 39.07%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. analysts expect that YY will post 5.76 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the business. Huntington National Bank raised its holdings in YY by 93.6% in the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock worth $106,000 after buying an additional 589 shares during the last quarter. Advisors Preferred LLC purchased a new position in YY in the second quarter worth about $145,000. D.A. Davidson & CO. raised its holdings in YY by 17.4% in the second quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after buying an additional 400 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in YY by 7.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after buying an additional 200 shares during the last quarter. Finally, Cetera Advisor Networks LLC purchased a new position in YY in the third quarter worth about $203,000. 57.41% of the stock is owned by institutional investors and hedge funds.
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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