ValuEngine lowered shares of YY (NASDAQ:YY) from a strong-buy rating to a buy rating in a research report report published on Thursday.
YY has been the topic of several other reports. Zacks Investment Research upgraded shares of YY from a hold rating to a strong-buy rating and set a $85.00 price target on the stock in a report on Friday, August 25th. Jefferies Group upgraded shares of YY from a hold rating to a buy rating and set a $45.00 price target on the stock in a report on Wednesday, November 15th. Goldman Sachs Group started coverage on shares of YY in a report on Wednesday, August 30th. They set a buy rating and a $101.00 price target on the stock. Bank of America boosted their price target on shares of YY from $89.00 to $101.00 and gave the stock a buy rating in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co upgraded shares of YY from a neutral rating to an overweight rating and boosted their price target for the stock from $70.00 to $140.00 in a report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. YY presently has an average rating of Buy and an average price target of $85.63.
Shares of YY (YY) opened at $108.54 on Thursday. The company has a market cap of $6,842.36, a PE ratio of 18.52, a PEG ratio of 1.01 and a beta of 1.20. YY has a 52-week low of $37.81 and a 52-week high of $123.48.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Huntington National Bank increased its holdings in YY by 93.6% during the 3rd quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock worth $106,000 after acquiring an additional 589 shares during the period. D.A. Davidson & CO. increased its holdings in YY by 17.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock worth $156,000 after acquiring an additional 400 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in YY by 7.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,870 shares of the information services provider’s stock worth $167,000 after acquiring an additional 200 shares during the period. Cetera Advisor Networks LLC bought a new stake in YY during the 3rd quarter worth approximately $203,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in YY during the 3rd quarter worth approximately $208,000. 57.15% of the stock is currently owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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