YY (YY) Upgraded at ValuEngine

ValuEngine upgraded shares of YY (NASDAQ:YY) from a sell rating to a hold rating in a research report report published on Tuesday.

Other equities analysts have also recently issued research reports about the company. Benchmark dropped their price target on YY to $106.00 and set a buy rating on the stock in a research note on Tuesday, November 13th. Goldman Sachs Group raised YY from a neutral rating to a buy rating and lowered their target price for the company from $117.00 to $108.00 in a research note on Thursday, December 6th. JPMorgan Chase & Co. raised YY from a neutral rating to an overweight rating and lifted their target price for the company from $70.00 to $100.00 in a research note on Wednesday, March 6th. UBS Group cut YY from a buy rating to a neutral rating and set a $77.00 target price on the stock. in a research note on Wednesday, January 23rd. Finally, BidaskClub raised YY from a hold rating to a buy rating in a research note on Saturday, January 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $97.80.

Shares of YY opened at $79.03 on Tuesday. The stock has a market capitalization of $4.99 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.60 and a beta of 1.18. YY has a 1-year low of $55.55 and a 1-year high of $131.97.



Several hedge funds have recently modified their holdings of YY. Dimensional Fund Advisors LP increased its position in shares of YY by 49.2% during the third quarter. Dimensional Fund Advisors LP now owns 576,137 shares of the information services provider’s stock valued at $43,150,000 after purchasing an additional 189,881 shares during the period. TB Alternative Assets Ltd. increased its position in shares of YY by 294.9% during the fourth quarter. TB Alternative Assets Ltd. now owns 46,600 shares of the information services provider’s stock valued at $2,789,000 after purchasing an additional 34,800 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of YY during the fourth quarter valued at approximately $627,000. Taikang Asset Management Hong Kong Co Ltd bought a new stake in shares of YY during the fourth quarter valued at approximately $4,873,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of YY during the third quarter valued at approximately $1,701,000. Institutional investors own 59.71% of the company’s stock.

About YY

YY, Inc engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for YY (NASDAQ:YY)

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