YY (NASDAQ:YY) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday, April 2nd.
A number of other equities research analysts also recently commented on YY. Morgan Stanley initiated coverage on YY in a research report on Wednesday, March 28th. They issued a “hold” rating and a $135.00 target price on the stock. Zacks Investment Research cut YY from a “buy” rating to a “hold” rating in a research note on Friday, March 16th. Vetr raised YY from a “buy” rating to a “strong-buy” rating and set a $147.88 price objective for the company in a research note on Tuesday, March 6th. Jefferies Group lifted their price objective on YY from $158.00 to $164.00 and gave the company a “buy” rating in a research note on Tuesday, March 6th. Finally, Benchmark lifted their price objective on YY from $127.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, March 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. YY has an average rating of “Buy” and a consensus target price of $123.53.
Shares of NASDAQ YY traded up $2.39 during midday trading on Monday, hitting $95.33. The stock had a trading volume of 1,539,120 shares, compared to its average volume of 1,704,225. The company has a market cap of $5,777.25, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.57 and a beta of 1.61. YY has a 1 year low of $42.90 and a 1 year high of $142.97.
Several large investors have recently added to or reduced their stakes in YY. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of YY by 299.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,681 shares of the information services provider’s stock valued at $1,886,000 after purchasing an additional 12,508 shares during the last quarter. Handelsbanken Fonder AB raised its stake in YY by 83.3% during the 4th quarter. Handelsbanken Fonder AB now owns 29,700 shares of the information services provider’s stock valued at $3,358,000 after acquiring an additional 13,500 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in YY by 40.2% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,600 shares of the information services provider’s stock valued at $1,538,000 after acquiring an additional 3,900 shares during the last quarter. Hikari Tsushin Inc. purchased a new stake in YY during the 4th quarter valued at approximately $106,000. Finally, Sawtooth Solutions LLC purchased a new stake in YY during the 4th quarter valued at approximately $203,000. 59.65% of the stock is owned by institutional investors and hedge funds.
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YY Inc, through its subsidiaries, operates a live streaming platform in the People's Republic of China. It engages users to interact in live online group activities through voice, text, and video, as well as to create and organize groups of various 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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