YY (NASDAQ:YY) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

A number of other research firms also recently commented on YY. Citigroup boosted their price objective on YY to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. ValuEngine raised YY from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Vetr raised YY from a “sell” rating to a “hold” rating and set a $94.08 price objective on the stock in a research note on Monday, October 23rd. Goldman Sachs Group initiated coverage on YY in a research note on Wednesday, August 30th. They issued a “buy” rating and a $101.00 price objective on the stock. Finally, Bank of America boosted their price objective on YY from $89.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. YY presently has an average rating of “Buy” and an average price target of $83.11.

YY (YY) opened at $100.96 on Tuesday. YY has a 12-month low of $37.81 and a 12-month high of $123.48. The stock has a market capitalization of $6,374.60, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20.

YY (NASDAQ:YY) last announced its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.05. YY had a return on equity of 34.26% and a net margin of 22.23%. The company had revenue of $464.78 million during the quarter, compared to analyst estimates of $425.44 million. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. research analysts expect that YY will post 5.76 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new position in YY during the first quarter valued at $309,000. Vanguard Group Inc. raised its position in YY by 23.9% during the first 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 period. Geode Capital Management LLC raised its position in YY by 3.9% during the first 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 period. Dimensional Fund Advisors LP raised its position in YY by 94.1% during the first 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 period. Finally, Morgan Stanley raised its position in YY by 245.7% during the first 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 period. 57.15% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for YY (NASDAQ:YY)

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