YY (YY) Stock Rating Upgraded by Nomura

Nomura upgraded shares of YY (NASDAQ:YY) from a neutral rating to a buy rating in a report published on Wednesday morning, MarketBeat Ratings reports. Nomura currently has $161.00 price objective on the information services provider’s stock, up from their previous price objective of $80.00.

YY has been the topic of a number of other research reports. Jefferies Group upgraded shares of YY from a hold rating to a buy rating and set a $45.00 target price on the stock in a research note on Wednesday, November 15th. Bank of America lifted their target price on shares of YY from $89.00 to $101.00 and gave the company a buy rating in a research note on Monday, October 2nd. Vetr upgraded shares of YY from a hold rating to a buy rating and set a $118.46 target price on the stock in a research note on Monday, January 1st. Zacks Investment Research cut shares of YY from a strong-buy rating to a hold rating in a research note on Tuesday, October 17th. Finally, JPMorgan Chase & Co. upgraded shares of YY from a neutral rating to an overweight rating and lifted their target price for the company from $70.00 to $140.00 in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $96.71.

Shares of YY (YY) traded up $2.18 during trading on Wednesday, hitting $138.20. 718,550 shares of the stock traded hands, compared to its average volume of 1,090,000. The stock has a market cap of $8,710.00, a PE ratio of 22.40, a PEG ratio of 1.08 and a beta of 1.20. YY has a 1-year low of $40.17 and a 1-year high of $141.95.

YY (NASDAQ:YY) last issued its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.05. The business had revenue of $464.78 million for the quarter, compared to analysts’ expectations of $425.44 million. YY had a net margin of 22.23% and a return on equity of 34.26%. The company’s revenue was up 53.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS.

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of YY by 51.6% in the 2nd quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock worth $114,945,000 after buying an additional 674,292 shares during the last quarter. Boston Partners increased its holdings in shares of YY by 10.7% in the 3rd quarter. Boston Partners now owns 1,743,607 shares of the information services provider’s stock worth $151,310,000 after buying an additional 167,854 shares during the last quarter. Ward Ferry Management BVI Ltd increased its holdings in shares of YY by 6.3% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 1,120,800 shares of the information services provider’s stock worth $97,263,000 after buying an additional 66,800 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of YY by 3.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,064,000 shares of the information services provider’s stock worth $92,333,000 after buying an additional 32,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of YY by 40.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 816,087 shares of the information services provider’s stock worth $47,358,000 after buying an additional 232,996 shares during the last quarter. Institutional investors and hedge funds own 56.87% 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.

Analyst Recommendations for YY (NASDAQ:YY)

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