YY Inc. (YY) Rating Lowered to Buy at ValuEngine
ValuEngine downgraded shares of YY Inc. (NASDAQ:YY) from a strong-buy rating to a buy rating in a research report released on Monday.
Other equities analysts have also issued reports about the company. HSBC Holdings plc reaffirmed a buy rating and issued a $89.00 price objective (up from $65.00) on shares of YY in a research note on Friday, August 11th. Bank of America Corporation lifted their price objective on YY from $89.00 to $101.00 and gave the company a buy rating in a research note on Monday. Jefferies Group LLC reaffirmed a hold rating and issued a $79.00 price objective on shares of YY in a research note on Wednesday, August 16th. Vetr lowered YY from a buy rating to a hold rating and set a $82.17 price objective on the stock. in a research note on Monday, September 25th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $100.00 price objective (up from $69.00) on shares of YY in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. YY currently has a consensus rating of Buy and a consensus price target of $74.25.
Shares of YY (NASDAQ YY) opened at 88.95 on Monday. YY has a one year low of $37.81 and a one year high of $94.00.
YY (NASDAQ:YY) last issued its quarterly earnings results on Thursday, August 10th. The information services provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.19. YY had a return on equity of 39.07% and a net margin of 22.08%. The firm had revenue of $384.85 million for the quarter, compared to analyst estimates of $366.35 million. During the same period last year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. Equities analysts forecast that YY will post $6.10 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/06/yy-inc-yy-rating-lowered-to-buy-at-valuengine.html.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of YY by 51.6% during the 2nd quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock valued at $114,945,000 after buying an additional 674,292 shares during the period. Boston Partners raised its holdings in shares of YY by 19.7% during the 2nd quarter. Boston Partners now owns 1,575,753 shares of the information services provider’s stock valued at $91,441,000 after buying an additional 258,815 shares during the period. Acadian Asset Management LLC raised its holdings in shares of YY by 96.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,358,113 shares of the information services provider’s stock valued at $78,808,000 after buying an additional 666,481 shares during the period. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of YY by 60.2% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,032,000 shares of the information services provider’s stock valued at $59,886,000 after buying an additional 388,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of YY by 40.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 816,087 shares of the information services provider’s stock valued at $47,358,000 after buying an additional 232,996 shares during the period. Institutional investors and hedge funds own 55.03% of the company’s stock.
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.
Receive News & Stock Ratings for YY Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY Inc. and related stocks with our FREE daily email newsletter.