YY Inc (NASDAQ:YY) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 798,840 shares, a drop of 27.1% from the November 15th total of 1,096,457 shares. Based on an average daily volume of 2,120,813 shares, the days-to-cover ratio is presently 0.4 days.

YY has been the topic of a number of research analyst reports. Zacks Investment Research raised YY from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Friday, August 25th. Goldman Sachs Group started coverage on YY in a research report on Wednesday, August 30th. They issued a “buy” rating and a $101.00 target price on the stock. Jefferies Group raised YY from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, November 15th. Bank of America boosted their price target on YY from $89.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co raised YY from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $140.00 in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $85.63.

Shares of YY (YY) opened at $112.93 on Thursday. The stock has a market capitalization of $7,131.71, a price-to-earnings ratio of 19.31 and a beta of 1.20. YY has a one year low of $37.81 and a one year high of $123.48.

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

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in YY by 51.6% in the 2nd quarter. BlackRock Inc. now owns 1,980,784 shares of the information services provider’s stock worth $114,945,000 after purchasing an additional 674,292 shares in the last quarter. Boston Partners increased its holdings in YY by 10.7% in the 3rd quarter. Boston Partners now owns 1,743,607 shares of the information services provider’s stock worth $151,310,000 after purchasing an additional 167,854 shares in the last quarter. Ward Ferry Management BVI Ltd increased its holdings 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 worth $97,263,000 after purchasing an additional 66,800 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings 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 worth $92,333,000 after purchasing an additional 32,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in YY by 40.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 816,087 shares of the information services provider’s stock worth $47,358,000 after purchasing an additional 232,996 shares in the last quarter. 56.87% of the stock is 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.

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