YY Inc (NASDAQ:YY)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $61.61 and last traded at $62.39, with a volume of 102949 shares traded. The stock had previously closed at $68.88.
A number of equities research analysts have issued reports on YY shares. Jefferies Financial Group restated a “buy” rating and set a $110.00 price target on shares of YY in a report on Wednesday, August 15th. ValuEngine cut shares of YY from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. BidaskClub cut shares of YY from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. Benchmark restated a “buy” rating and set a $140.00 price target (down from $168.00) on shares of YY in a report on Tuesday, August 14th. Finally, CLSA set a $125.00 price target on shares of YY and gave the company a “buy” rating in a report on Tuesday, September 25th. 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 issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $139.59.
The firm has a market cap of $4.73 billion, a PE ratio of 9.53, a PEG ratio of 0.48 and a beta of 0.72.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in YY. First Hawaiian Bank bought a new stake in shares of YY in the third quarter valued at about $151,000. Cascade Investment Advisors Inc. bought a new stake in shares of YY in the second quarter valued at about $166,000. Crossmark Global Holdings Inc. bought a new stake in shares of YY in the second quarter valued at about $212,000. Stevens Capital Management LP bought a new stake in shares of YY in the second quarter valued at about $212,000. Finally, United Services Automobile Association bought a new stake in shares of YY in the second quarter valued at about $223,000. Institutional investors and hedge funds own 61.30% of the company’s stock.
YY Company Profile (NASDAQ: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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