YY (YY) Lowered to “Sell” at BidaskClub

BidaskClub downgraded shares of YY (NASDAQ:YY) from a hold rating to a sell rating in a research report sent to investors on Wednesday, BidAskClub reports.

Several other brokerages have also commented on YY. Tigress Financial reiterated a buy rating on shares of YY in a report on Friday, April 5th. TheStreet upgraded YY from a c+ rating to a b- rating in a research note on Monday, March 4th. Zacks Investment Research lowered YY from a strong-buy rating to a sell rating in a research note on Saturday, March 9th. ValuEngine upgraded YY from a sell rating to a hold rating in a research note on Tuesday, March 12th. Finally, Nomura restated a neutral rating and issued a $74.00 target price (down previously from $75.00) on shares of YY in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $93.67.

Shares of YY traded down $1.76 during midday trading on Wednesday, hitting $71.96. 991,954 shares of the company’s stock traded hands, compared to its average volume of 917,535. YY has a 1 year low of $55.55 and a 1 year high of $125.84. The firm has a market cap of $4.66 billion, a PE ratio of 10.09, a P/E/G ratio of 0.63 and a beta of 1.18.

YY (NASDAQ:YY) last issued its quarterly earnings data on Monday, March 4th. The information services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.86 by $0.01. YY had a return on equity of 17.52% and a net margin of 12.76%. The firm had revenue of $674.99 million during the quarter, compared to analyst estimates of $641.65 million. Research analysts forecast that YY will post 6.05 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of YY. BlackRock Inc. grew its position in YY by 3.9% during the 1st quarter. BlackRock Inc. now owns 2,505,815 shares of the information services provider’s stock worth $210,511,000 after purchasing an additional 93,130 shares during the period. Vanguard Group Inc. grew its position in YY by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,495,467 shares of the information services provider’s stock worth $112,040,000 after purchasing an additional 41,736 shares during the period. Vanguard Group Inc grew its position in YY by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 1,495,467 shares of the information services provider’s stock worth $112,040,000 after purchasing an additional 41,736 shares during the period. Prudential PLC grew its position in YY by 122.2% during the 4th quarter. Prudential PLC now owns 709,411 shares of the information services provider’s stock worth $42,465,000 after purchasing an additional 390,124 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in YY by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 607,581 shares of the information services provider’s stock worth $36,390,000 after purchasing an additional 31,444 shares during the period. Institutional investors own 60.77% of the company’s stock.

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; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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Analyst Recommendations for YY (NASDAQ:YY)

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