YY (NASDAQ:YY) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of YY (NASDAQ:YY) from a hold rating to a buy rating in a research report report published on Tuesday morning, BidAskClub reports.

Several other brokerages also recently issued reports on YY. UBS Group upgraded YY from a neutral rating to a buy rating in a research report on Friday, September 20th. Bank of America reduced their price objective on YY from $98.00 to $83.00 and set a buy rating for the company in a research report on Tuesday, August 20th. TheStreet downgraded YY from a b- rating to a c+ rating in a research report on Friday, August 30th. Jefferies Financial Group initiated coverage on YY in a research report on Monday, August 5th. They set a buy rating and a $76.10 price objective for the company. Finally, ValuEngine upgraded YY from a hold rating to a buy rating in a research report on Friday, November 1st. Eleven equities research analysts have rated the stock with a buy rating, YY currently has an average rating of Buy and a consensus target price of $85.01.

Shares of YY traded up $0.55 during trading hours on Tuesday, hitting $61.81. The stock had a trading volume of 891,800 shares, compared to its average volume of 918,367. The firm has a market cap of $5.08 billion, a P/E ratio of 8.67, a P/E/G ratio of 1.34 and a beta of 1.16. YY has a 12-month low of $51.00 and a 12-month high of $88.85. The company’s fifty day simple moving average is $58.82 and its 200 day simple moving average is $63.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.29 and a current ratio of 4.29.

YY (NASDAQ:YY) last issued its earnings results on Tuesday, November 12th. The information services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.15. YY had a return on equity of 8.19% and a net margin of 17.76%. The company had revenue of $962.90 million during the quarter, compared to the consensus estimate of $947.24 million. During the same period in the previous year, the firm posted $1.76 earnings per share. As a group, sell-side analysts predict that YY will post 3.3 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of YY. D.A. Davidson & CO. grew its position in YY by 21.0% during the 3rd quarter. D.A. Davidson & CO. now owns 5,695 shares of the information services provider’s stock worth $320,000 after purchasing an additional 990 shares in the last quarter. WT Asset Management Ltd grew its position in YY by 32.8% during the 3rd quarter. WT Asset Management Ltd now owns 60,800 shares of the information services provider’s stock worth $3,419,000 after purchasing an additional 15,000 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in YY during the 3rd quarter worth approximately $30,000. SG Americas Securities LLC grew its position in YY by 3,542.5% during the 3rd quarter. SG Americas Securities LLC now owns 226,783 shares of the information services provider’s stock worth $12,752,000 after purchasing an additional 220,557 shares in the last quarter. Finally, Unigestion Holding SA grew its position in YY by 89.5% during the 3rd quarter. Unigestion Holding SA now owns 7,200 shares of the information services provider’s stock worth $405,000 after purchasing an additional 3,400 shares in the last quarter. 51.48% of the stock is currently owned by institutional investors.

YY Company Profile

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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Analyst Recommendations for YY (NASDAQ:YY)

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