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.
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.
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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