YY (YY) PT Set at $125.00 by CLSA

YY (NASDAQ:YY) has been assigned a $125.00 price target by equities researchers at CLSA in a report issued on Tuesday. The firm presently has a “buy” rating on the information services provider’s stock. CLSA’s price target suggests a potential upside of 64.69% from the company’s previous close.

Several other equities research analysts have also weighed in on YY. ValuEngine raised YY from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. BidaskClub raised YY from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Nomura decreased their target price on YY from $161.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday, June 7th. JPMorgan Chase & Co. raised their target price on YY from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, June 7th. Finally, UBS Group decreased their target price on YY from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, June 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. YY currently has a consensus rating of “Buy” and a consensus target price of $136.08.

YY opened at $75.90 on Tuesday. The firm has a market cap of $4.58 billion, a PE ratio of 11.96, a P/E/G ratio of 0.46 and a beta of 0.78. YY has a fifty-two week low of $66.46 and a fifty-two week high of $142.97.

YY (NASDAQ:YY) last released its quarterly earnings data on Monday, August 13th. The information services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The business had revenue of $570.20 million during the quarter, compared to analyst estimates of $544.76 million. YY had a return on equity of 22.08% and a net margin of 14.99%. The company’s revenue was up 48.1% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS. research analysts anticipate that YY will post 6.95 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Creative Planning raised its holdings in shares of YY by 9.9% during the second quarter. Creative Planning now owns 7,009 shares of the information services provider’s stock worth $704,000 after acquiring an additional 630 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of YY by 1.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 64,519 shares of the information services provider’s stock worth $6,787,000 after acquiring an additional 700 shares in the last quarter. Atria Investments LLC raised its holdings in shares of YY by 21.1% during the second quarter. Atria Investments LLC now owns 4,691 shares of the information services provider’s stock worth $471,000 after acquiring an additional 816 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of YY by 23.5% during the second quarter. Fulton Bank N.A. now owns 4,416 shares of the information services provider’s stock worth $444,000 after acquiring an additional 841 shares in the last quarter. Finally, Nomura Holdings Inc. raised its holdings in shares of YY by 10.2% during the second quarter. Nomura Holdings Inc. now owns 9,643 shares of the information services provider’s stock worth $969,000 after acquiring an additional 895 shares in the last quarter. 61.30% of the stock is owned by institutional investors and hedge funds.

YY Company Profile

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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