YY Inc. (YY) Receives $58.04 Average PT from Brokerages

YY Inc. (NASDAQ:YY) has received a consensus rating of “Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $58.04.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded YY from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. CICC Research downgraded YY to a “hold” rating and set a $60.00 price objective for the company. in a report on Thursday, May 11th. BidaskClub upgraded YY from a “buy” rating to a “strong-buy” rating in a report on Thursday. J P Morgan Chase & Co downgraded YY from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $56.00 to $60.00 in a report on Thursday, May 11th. Finally, Jefferies Group LLC restated a “hold” rating and set a $56.00 price objective (up previously from $46.00) on shares of YY in a report on Sunday, May 14th.

Shares of YY (YY) traded up 0.04% on Tuesday, reaching $67.59. 627,915 shares of the company traded hands. YY has a one year low of $37.81 and a one year high of $68.62. The firm has a market cap of $3.76 billion, a P/E ratio of 14.49 and a beta of 1.12.

A number of institutional investors have recently made changes to their positions in the company. Smith Asset Management Group LP purchased a new position in YY during the first quarter worth about $206,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in YY during the first quarter worth about $277,000. Tudor Investment Corp ET AL purchased a new position in YY during the first quarter worth about $280,000. Quantbot Technologies LP purchased a new position in YY during the first quarter worth about $285,000. Finally, DekaBank Deutsche Girozentrale boosted its position in YY by 770.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,439 shares of the information services provider’s stock worth $535,000 after buying an additional 5,699 shares during the last quarter. Institutional investors and hedge funds own 47.51% 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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