Vetr cut shares of YY (NASDAQ:YY) from a strong-buy rating to a hold rating in a report released on Monday morning. The brokerage currently has $113.82 target price on the information services provider’s stock.

YY has been the subject of a number of other research reports. Jefferies Group reiterated a hold rating and issued a $79.00 price objective on shares of YY in a report on Wednesday, August 16th. Zacks Investment Research upgraded YY from a hold rating to a strong-buy rating and set a $85.00 price objective for the company in a report on Friday, August 25th. BidaskClub downgraded YY from a strong-buy rating to a buy rating in a report on Wednesday, August 30th. Goldman Sachs Group started coverage on YY in a report on Wednesday, August 30th. They issued a buy rating and a $101.00 price objective for the company. Finally, ValuEngine upgraded YY from a buy rating to a strong-buy rating in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $85.45.

Shares of YY (NASDAQ YY) opened at $111.20 on Monday. YY has a 52 week low of $37.81 and a 52 week high of $123.48. The firm has a market capitalization of $7,010.00, a P/E ratio of 18.32, a PEG ratio of 1.00 and a beta of 1.20.

YY (NASDAQ:YY) last announced its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. YY had a return on equity of 34.26% and a net margin of 22.23%. The company had revenue of $464.78 million during the quarter, compared to analyst estimates of $425.44 million. During the same quarter last year, the firm posted $1.08 earnings per share. The firm’s revenue was up 53.4% on a year-over-year basis. analysts anticipate that YY will post 5.76 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Aviva PLC increased its holdings in YY by 3.8% in the 2nd quarter. Aviva PLC now owns 5,500 shares of the information services provider’s stock worth $319,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in YY by 7.5% in 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 buying an additional 200 shares in the last quarter. D.A. Davidson & CO. increased its holdings in YY by 17.4% in the 2nd 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 in the last quarter. First Allied Advisory Services Inc. increased its holdings in YY by 7.4% in the 3rd quarter. First Allied Advisory Services Inc. now owns 8,396 shares of the information services provider’s stock worth $724,000 after buying an additional 578 shares in the last quarter. Finally, Huntington National Bank increased its holdings in YY by 93.6% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for YY (NASDAQ:YY)

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