YY (YY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of YY (NASDAQ:YY) from a sell rating to a hold rating in a research report sent to investors on Saturday morning, Zacks.com reports.

According to Zacks, “YY Inc. is a communication social platform, which engages users in online group activities through voice, text and video. The Company’s Platform consists of YY Client, the YY.com and Duowan.com web portals, Mobile YY and Web-based YY. YY Inc. is based in Guangzhou, the People’s Republic of China. “

YY has been the subject of a number of other research reports. BidaskClub cut YY from a buy rating to a hold rating in a report on Wednesday, March 27th. ValuEngine upgraded YY from a strong sell rating to a sell rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded shares of YY from a neutral rating to an overweight rating and increased their price objective for the stock from $70.00 to $100.00 in a research note on Wednesday, March 6th. UBS Group downgraded shares of YY from a buy rating to a neutral rating and set a $77.00 price objective for the company. in a research note on Wednesday, January 23rd. Finally, Nomura restated a neutral rating and set a $74.00 price objective (down from $75.00) on shares of YY in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. YY has a consensus rating of Buy and an average target price of $93.67.

YY stock traded down $1.76 during trading hours on Friday, reaching $71.96. 991,954 shares of the stock were exchanged, compared to its average volume of 917,535. The stock has a market cap of $4.66 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. YY has a 12 month low of $55.55 and a 12 month high of $125.84.

YY (NASDAQ:YY) last released its earnings results on Monday, March 4th. The information services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.01. The firm had revenue of $674.99 million during the quarter, compared to analysts’ expectations of $641.65 million. YY had a return on equity of 17.52% and a net margin of 12.76%. On average, equities analysts expect that YY will post 6.05 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Rocky Mountain Advisers LLC acquired a new position in shares of YY during the 1st quarter worth about $31,000. Van ECK Associates Corp boosted its stake in shares of YY by 40.0% during the 4th quarter. Van ECK Associates Corp now owns 700 shares of the information services provider’s stock worth $42,000 after buying an additional 200 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of YY by 40.7% during the 1st quarter. Quadrant Capital Group LLC now owns 829 shares of the information services provider’s stock worth $67,000 after buying an additional 240 shares during the last quarter. Ayalon Holdings Ltd. acquired a new position in shares of YY during the 4th quarter worth about $50,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of YY during the 4th quarter worth about $55,000. Institutional investors own 60.77% of the company’s stock.

About YY

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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