YY (NASDAQ:YY) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday. They presently have a $116.48 price target on the information services provider’s stock. Vetr‘s price objective indicates a potential upside of 3.14% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. 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 research report on Friday, August 25th. BidaskClub cut shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 30th. Goldman Sachs Group began coverage on shares of YY in a research report on Wednesday, August 30th. They set a “buy” rating and a $101.00 price target on the stock. ValuEngine upgraded shares of YY from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Finally, Bank of America boosted their price target on shares of YY from $89.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $85.63.

YY (NASDAQ:YY) opened at $112.93 on Thursday. YY has a 52-week low of $37.81 and a 52-week high of $123.48. The stock has a market cap of $7,131.71, a PE ratio of 19.31 and a beta of 1.20.

YY (NASDAQ:YY) last released its quarterly earnings data on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. YY had a net margin of 22.23% and a return on equity of 34.26%. The firm had revenue of $464.78 million for the quarter, compared to analysts’ expectations of $425.44 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year.

Large investors have recently bought and sold shares of the stock. Andra AP fonden lifted its stake in shares of YY by 89.9% in the third quarter. Andra AP fonden now owns 74,254 shares of the information services provider’s stock worth $6,444,000 after buying an additional 35,154 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of YY by 286.8% in the second quarter. Prudential Financial Inc. now owns 724,050 shares of the information services provider’s stock worth $42,017,000 after buying an additional 536,850 shares in the last quarter. Morgan Stanley lifted its stake in shares of YY by 245.7% in the first quarter. Morgan Stanley now owns 39,544 shares of the information services provider’s stock worth $1,824,000 after buying an additional 28,104 shares in the last quarter. Hillhouse Capital Management Ltd. lifted its stake in shares of YY by 3.4% in the second quarter. Hillhouse Capital Management Ltd. now owns 355,057 shares of the information services provider’s stock worth $20,604,000 after buying an additional 11,700 shares in the last quarter. Finally, Todd Asset Management LLC bought a new position in shares of YY in the second quarter worth approximately $6,043,000. 56.87% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for YY (NASDAQ:YY)

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