Jefferies Group LLC Upgrades YY Inc. (YY) to “Buy”

YY Inc. (NASDAQ:YY) was upgraded by equities researchers at Jefferies Group LLC from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other brokerages also recently weighed in on YY. Goldman Sachs Group, Inc. (The) began coverage on YY in a report on Wednesday, August 30th. They set a “buy” rating and a $101.00 price target for the company. BidaskClub downgraded YY from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a $100.00 price target (up from $69.00) on shares of YY in a report on Friday, August 11th. reaffirmed a “buy” rating and set a $89.00 price target (up from $65.00) on shares of YY in a report on Friday, August 11th. Finally, Citigroup Inc. raised their target price on YY to $100.00 and gave the company a “buy” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $74.82.

Shares of YY (YY) opened at $89.23 on Wednesday. The firm has a market capitalization of $5,078.58, a P/E ratio of 17.09, a PEG ratio of 0.98 and a beta of 1.17. YY has a fifty-two week low of $37.81 and a fifty-two week high of $97.59.

YY (NASDAQ:YY) last posted its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.18. The business had revenue of $464.78 million during the quarter, compared to the consensus estimate of $425.44 million. YY had a return on equity of 39.07% and a net margin of 22.08%. The company’s revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share. research analysts anticipate that YY will post 5.76 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. Huntington National Bank grew its holdings in YY by 93.6% in the 3rd quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after buying an additional 589 shares during the period. Advisors Preferred LLC purchased a new stake in YY in the 2nd quarter valued at about $145,000. D.A. Davidson & CO. grew its holdings in YY by 17.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock valued at $156,000 after buying an additional 400 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in YY by 7.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock valued at $167,000 after buying an additional 200 shares during the period. Finally, Candriam Luxembourg S.C.A. purchased a new stake in YY in the 3rd quarter valued at about $208,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

About YY

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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