YY (YY) Shares Up -5.4%

Shares of YY Inc (NASDAQ:YY) shot up 5.4% on Thursday . The company traded as high as $127.00 and last traded at $119.50. 4,724,109 shares traded hands during mid-day trading, an increase of 205% from the average session volume of 1,550,790 shares. The stock had previously closed at $126.33.

A number of research firms have recently weighed in on YY. Vetr upgraded shares of YY from a “buy” rating to a “strong-buy” rating and set a $147.88 target price on the stock in a report on Tuesday. Jefferies Group boosted their target price on shares of YY from $158.00 to $164.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark boosted their target price on shares of YY from $127.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday. ValuEngine upgraded shares of YY from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Citigroup began coverage on shares of YY in a report on Tuesday, February 20th. They issued a “buy” rating and a $150.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. YY has a consensus rating of “Buy” and an average target price of $118.19.

How to Become a New Pot Stock Millionaire

The stock has a market cap of $7,560.00, a price-to-earnings ratio of 18.21, a P/E/G ratio of 0.74 and a beta of 1.38.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in YY by 0.5% during the 4th quarter. BlackRock Inc. now owns 1,849,060 shares of the information services provider’s stock valued at $209,053,000 after purchasing an additional 9,390 shares during the last quarter. Boston Partners grew its holdings in YY by 10.7% during the 3rd quarter. Boston Partners now owns 1,743,607 shares of the information services provider’s stock valued at $151,310,000 after purchasing an additional 167,854 shares during the last quarter. Ward Ferry Management BVI Ltd boosted its position in YY by 6.3% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 1,120,800 shares of the information services provider’s stock valued at $97,263,000 after buying an additional 66,800 shares during the period. Deutsche Bank AG boosted its position in YY by 55.3% in the 4th quarter. Deutsche Bank AG now owns 1,064,732 shares of the information services provider’s stock valued at $120,376,000 after buying an additional 379,250 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in YY by 3.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,064,000 shares of the information services provider’s stock valued at $92,333,000 after buying an additional 32,000 shares during the period. Institutional investors own 59.38% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://sportsperspectives.com/2018/03/10/yy-yy-shares-up-5-4.html.

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.

Receive News & Ratings for YY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply