YY (YY) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of YY (NASDAQ:YY) from a strong sell rating to a sell rating in a report released on Saturday morning.

A number of other analysts have also recently commented on YY. ValuEngine cut shares of YY from a buy rating to a hold rating in a report on Friday, June 29th. Zacks Investment Research upgraded shares of YY from a sell rating to a strong-buy rating and set a $131.00 target price on the stock in a report on Friday, June 15th. UBS Group dropped their target price on shares of YY from $160.00 to $150.00 and set a buy rating on the stock in a report on Friday, June 8th. Nomura dropped their target price on shares of YY from $161.00 to $152.00 and set a buy rating on the stock in a report on Thursday, June 7th. Finally, Jefferies Financial Group restated a buy rating and set a $110.00 target price on shares of YY in a report on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $137.19.

Shares of YY stock opened at $73.10 on Friday. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 0.48 and a beta of 0.79. YY has a 12-month low of $66.46 and a 12-month high of $142.97.

YY (NASDAQ:YY) last announced its earnings results on Monday, August 13th. The information services provider reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.22. YY had a net margin of 14.99% and a return on equity of 22.08%. The firm had revenue of $570.20 million for the quarter, compared to analysts’ expectations of $544.76 million. During the same quarter in the previous year, the business posted $1.53 EPS. The company’s quarterly revenue was up 48.1% on a year-over-year basis. equities research analysts predict that YY will post 6.95 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. purchased a new stake in shares of YY during the 2nd quarter valued at about $166,000. Stevens Capital Management LP purchased a new stake in YY in the 2nd quarter worth approximately $212,000. Crossmark Global Holdings Inc. purchased a new stake in YY in the 2nd quarter worth approximately $212,000. Natixis purchased a new stake in YY in the 1st quarter worth approximately $271,000. Finally, Morse Asset Management Inc purchased a new stake in YY in the 2nd quarter worth approximately $264,000. 61.30% of the stock is owned by hedge funds and other institutional investors.

About YY

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.

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Analyst Recommendations for YY (NASDAQ:YY)

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