YY Inc. (YY) Trading Up 9.7%

YY Inc. (NASDAQ:YY) was up 9.7% during mid-day trading on Monday . The company traded as high as $117.99 and last traded at $117.60. Approximately 2,834,879 shares changed hands during mid-day trading, an increase of 119% from the average daily volume of 1,297,136 shares. The stock had previously closed at $107.23.

A number of equities research analysts have issued reports on YY shares. Goldman Sachs Group, Inc. (The) started coverage on shares of YY in a research report on Wednesday, August 30th. They issued a “buy” rating and a $101.00 target price for the company. BidaskClub downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Vetr upgraded shares of YY from a “sell” rating to a “hold” rating and set a $94.08 target price for the company in a research report on Monday, October 23rd. ValuEngine upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded shares of YY from a “hold” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $82.30.

The stock has a market capitalization of $7,150.00, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17.

YY (NASDAQ:YY) last posted its earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. YY had a net margin of 22.23% and a return on equity of 34.26%. The business had revenue of $464.78 million for the quarter, compared to analyst estimates of $425.44 million. During the same period last year, the business posted $1.08 EPS. YY’s revenue was up 53.4% compared to the same quarter last year. research analysts forecast that YY Inc. will post 5.76 earnings per share for the current year.

A number of large investors have recently bought and sold shares of YY. FMR LLC acquired a new position in YY in the 1st quarter valued at $309,000. Vanguard Group Inc. grew its stake in YY by 23.9% in the 1st quarter. Vanguard Group Inc. now owns 237,439 shares of the information services provider’s stock valued at $10,949,000 after buying an additional 45,839 shares during the last quarter. Geode Capital Management LLC grew its stake in YY by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 61,664 shares of the information services provider’s stock valued at $2,833,000 after buying an additional 2,310 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in YY by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 492,262 shares of the information services provider’s stock valued at $22,705,000 after buying an additional 238,613 shares during the last quarter. Finally, Morgan Stanley grew its stake in YY by 245.7% in the 1st quarter. Morgan Stanley now owns 39,544 shares of the information services provider’s stock valued at $1,824,000 after buying an additional 28,104 shares during the last quarter. Institutional investors and hedge funds own 58.76% of the company’s stock.

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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.

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